Author Question: An account is a form or record used to keep track of the increases or decreases in the individual ... (Read 72 times)

storky111 · **on:** Jul 5, 2018

An account is a form or record used to keep track of the increases or decreases in the individual assets, liabilities, owner's equity, revenues, and expenses of a business entity.
a. True
b. False
Indicate whether the statement is true or false

Question 2

County Medical Center received unrestricted contributions of 22,000 . The hospital used the contributions to support general services. These contributions would be reported on the statement of cash flows as

A. Operating activities.
B. Noncapital financing activities.
C. Capital and related financing activities.
D. Investing activities.