7. If All Saints Community Hospital is a tax-exempt, not-for-profit healthcare organization, then which statement is most likely false regarding the presentation of its financial statements?

	A.	You would expect to see the dollar amoiunt of services sold to patients of the organization shown on its Income Statement using the term Revenues.
	B.	You would expect all or some of the equity component of its balance sheet to be termed Net Assets.
	C.	You would not expect to see the charitable donations it has received during the year on its Balance Sheet
	D.	You would expect all or some of the equity component of its balance sheet to be termed Shareholders Equity.

8. Complete this sentence by filling in the blank. When reviewing data, a useful perspective is to consider these three things: level, trend, and _____________.

	A.	Effects on profitability.
	B.	Impact on cash.
	C.	Income tax consequences.
	D.	Variability.

9. Complete this sentence by filling in these two blanks. When analyzing expense variances by comparing an actual expense incurred compared to a budgeted expense, a three-way model will use these common terms: volume, price, and ____________. In healthcare, additional variances are often considered when using variance analysis to determine the root causes. One such additional variance uses this term: _____________.

	A.	quality and performance
	B.	operating and investing
	C.	efficiency and Intensity
	D.	liquidity and solvency