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- Suppose that two hospitals are identical in all ways except that Hospital N is relatively new while Hospital O is relatively old. Which of
- Suppose that two hospitals are identical in all ways except that Hospital N is relatively new while Hospital O is relatively old. Which of the following statements about a comparative financial statement analysis is true? (Hint: Think about both the cost of assets over time and depreciation expense.)
a. Hospital N will report higher net income.
b. Hospital O will report higher net income.
c. Hospital N will report higher net fixed assets.
d. Hospital O will report higher net fixed assets.
e. Both b. and c. above are correct.
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