Although their use is optional, the types of restricted funds often used in hospital financial accounting include
Question:
Although their use is optional, the types of restricted funds often used in hospital financial accounting include
a. specific purpose funds.
b. endowment funds.
c. plant replacement and expansion funds.
d. All of the above.
e. Items a and b only.
f. None of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The correct answer is e Items a and b only Specific purpose funds and endowmen...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions Identify the best answer for each of the following: 1. Which of the following bodies play significant roles in establishing GAAP for government health care providers? a....
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The Brite Hope Hospital uses the following types of funds: GF......... General Fund EF ......... Endowment Funds PREF ...... Plant Replacement and Expansion Funds SPF Specific Purpose Funds Using...
-
If we take $1 away from a rich person and give it to a poor person, the rich person loses less utility than the poor person gains. Comment.
-
Stone and Thombs are forming a partnership, Salem Leather Goods, to import merchandise from Spain. Stone is especially artistic and will travel to Spain to buy the merchandise. Thombs is a super...
-
It has been suggested that Given national characteristics it will be impossible to ensure that financial statements that comply with IFRSs will ever be comparable. Discuss whether auditors can make...
-
Brian Tanaka Company, a retail store, has a receivables turnover ratio of 4.5 times. The industry aver- age is 12.5 times. Does Tanaka have a collection problem with its receivables?
-
The Walk Rite Shoe Company operates a chain of shoe stores that sell 10 different styles of inexpensive men's shoes with identical unit costs and selling prices. A unit is defined as a pair of shoes....
-
=1 Homework C2S5 Question 4 of 10 (1 1 2 Determine the vertical as
-
Which of the following statements concerning the accounting and financial reporting practices for revenue in government hospitals is false? a. Only the amount of patient service charges that one has...
-
Donated medicines that normally would be purchased by a government hospital should be recorded at fair market value and should be credited directly to a. other operating revenue. b. nonoperating...
-
What is the benefit of having state and local taxes on income instead of collecting all such taxes at the federal level?
-
The Company received an order to make school uniforms and uses the job order cost system. The following transactions occurred during 2014 to Job U-101. a.Purchased raw materials at a cost of P...
-
Stairway Company sells a single product. The company's most recent income statement is given below: Sales (5,000 units) 200,000 Less: Variable expenses 120,000 Contribution margin 80,000 Less Fixed...
-
Notsogood Property Developers signed a contract with a customer, OK Property Renters, to construct a commercial building for a consideration of $5 million. The project is expected to last for two...
-
Scott is a new investor and has been closely watching a company by the name of AUS Ltd., a pharmaceutical company aiming to develop a coronavirus vaccine. Scott believes the following returns are...
-
Bonds that mature in 10 years were recently issued by Stern glass Inc. They have a future (or maturity) value of $1,000 (so FV = $1,000) and they pay an annual coupon of 5.5% based on FV = $1,000.If...
-
The following events apply to Sanford Service Co. for 2013, its first year of operation: 1. Received cash of $60,000 from the issue of common stock. 2. Performed $100,000 worth of services on...
-
Classify each of the following as direct costs or indirect costs of operating the Pediatrics ward for children at the Cleveland Clinic: a. Wi-Fi covering the entire hospital campus b. Net cost of...
-
Are income distributions from a qualified state tuition program taxable?
-
What types of income qualify for the foreign-earned income exclusion?
-
Are taxpayers who claim the foreign-earned income exclusion entitled to deduct expenses incurred in producing that income? Explain.
-
Net Present Value A project has estimated annual net cash flows of $10,000 for ten years and is estimated to cost $42,500. Assume a minimum acceptable rate of return of 20%. Use the Present Value of...
-
Shrey ASSIGNMENT 2) Each of the program budgets must be developed using the information below and using object classification numbers provided 1) This is a time-consuming assignment In your note...
-
Which of the following provisions of the CARES Act does California law conform to? a. Taxpayers were temporarily exempt from the early withdrawal penalty from 401(k) plans. b. There is a five-year...
Study smarter with the SolutionInn App