A nongovernment not-for-profit hospital presents all of the ...

[roselinechinyere27m]

A nongovernment not-for-profit hospital presents all of the following financial statements, except
 
  A. A balance sheet.
  B. A statement of operations.
  C. A statement of activities.
  D. A statement of cash flows.

Question 2

After posting the second closing entry to the income summary account, the balance will be equal to
 a. zero
  b. owner's equity
  c. revenues for the period
  d. the net income or net loss for the period

[raili21]

Answer to Question 1

C

Answer to Question 2

d

[roselinechinyere27m]

TYSM

[jomama]

Thanks for the timely response, appreciate it