1. Healthy Bodies, a health care organization and non-profit, provides $1,000,000 in charity care.City Hospital would not separately list the charity care amounts anywhere in the footnotes or financial statements, True/False?
2. City Hospital receives skilled law support (from an attorney) worth $10,000.City Hospital would not record the amount in the financial statements - T/F.
3. In 2020, Citi Hospital must have three categories of Net Assets, including permanently restricted
4. On July 1, Bob states that will he would make a contribution $100,000 as a "challenge donation" to Nature Savers if Nature Savers receives donations of $100,000 by the end of the fiscal year.Nature Savers should not record any revenue on July 1.T/F
5. ALL CAPS U provides a scholarship for students. The scholarship defrays the $10,000,000 total cost of tuition. This amount would not be recorded as revenue, as the students did not pay tuition.T/F
6. Acme Hospital receives a donor donation of $5,000,000 that can only be used for a building.This would be an operating cash flow item.T/F
7. A Hospital receives $10,000 worth of essential services from volunteers.Would this be:

a.Revenue and expense

b.Only revenue

c.Not recorded