All income statement accounts will be closed at the end of the period.
a. True
b. False
Indicate whether the statement is true or false
Question 2
If a government hospital gets unrestricted donations that are not a part of a hospital's major ongoing operations, those donations are classified on the statement of revenues, expenses, and changes in net position as
A. An operating revenue.
B. An operating gain.
C. An other financing source.
D. A nonoperating gain.
