Author Question: The income statement will present a. revenues less expenses (ordered largest to smallest amount) ... (Read 78 times)

frankwu · **on:** Jul 5, 2018

The income statement will present
a. revenues less expenses (ordered largest to smallest amount) with miscellaneous expense listed last
b. revenues less expenses (ordered smallest to largest amounts) with miscellaneous expense listed last
c. revenues less expenses (ordered in alphabetical order)
d. revenues less expenses (order is not important)

Question 2

Which of the following are reported by both government and nongovernment, not-for-profit hospitals?

A. Bad debt expense.
B. Restricted net position.
C. Investment income.
D. Unrestricted net position.