Dr. Rebecca Friend, the chief administrative officer of a hospital, is having an argument with the hospitals

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Dr. Rebecca Friend, the chief administrative officer of a hospital, is having an argument with the hospital’s comptroller. Dr. Friend recently received a gift of $ 100,000 from a benefactor. She wants to put the money into a board- designated fund to allow the board to do whatever it wants with the money. The comptroller, however, feels that the hospital should talk with the donor to determine whether he wishes any particular use for his donation. Dr. Friend is concerned that if the donor wishes to use the money in a manner that does not meet the hospital’s immediate needs, the hospital may have to turn away some patients because of a lack of facilities. How would you handle this dilemma?

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Introduction to Governmental and Not for Profit Accounting

ISBN: 978-0132776011

7th edition

Authors: Martin Ives, Terry K. Patton, Suesan R. Patton

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