answer true or false for each:

28. GAAP for a NFP health care organization (HCO) is promulgated by FASB.

29. A performance indicator has as its purpose to make it easier for financial statement users to compare NFP HCOs with for-profit HCOs that report operating activity.

38. Assets Limited as to Use is a category that must be used by governmental NFP HCOs.

39. Lilly Hospital, a NFP HCO (hospital) receives payment in full for services it provided to a patient who stayed in the hospital for 3 nights. The payment is from an insurance company and Lilly receives $70,000 of the $100,000 billed to the insurance company. This is an example of a contractual adjustment.

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40. The excess margin ratio provides information about the capital structure of an organization and its ability to raise additional capital.