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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?

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 not expect to see the charitable donations it has received during the year on its Balance Sheet

B

You would expect all or some of the equity component of its balance sheet to be termed "Net Assets".

C

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".

D

You would expect all or some of the equity component of its balance sheet to be termed "Shareholders Equity".

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