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Author Question: The fair market value of a government hospital's investments that are restricted for future capital ... (Read 112 times)

imowrer

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on: Jul 5, 2018
The fair market value of a government hospital's investments that are restricted for future capital needs increased by 7,000 . As of the end of the fiscal year,
 
  A. Nonoperating gains will increase by 7,000.
  B. General revenue will increase by 7,000.
  C. This change in market value will not be reported unless the assets are sold.
  D. Other financing sources will increase by 7,000.

Question 2

Revenues decrease owner's equity.
 a. True
   b. False
   Indicate whether the statement is true or false


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Smiles0805

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Reply #1 on: Jul 5, 2018
Answer to Question 1

A

Answer to Question 2

False


imowrer

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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