which of the following is accurate with respect to accounting for an investor-owned, for-profit hospital?

a) The hospital would be subject to the FASB (category A GAAP) and the AICPA Health Care Guide (Category B GAAP)

b) The hospital would use accrual accounting in the same manner as a commercial business with the exception of the recording of donations which would be recorded using the modified accrual basis

c) The hospital would be subject to the AICPA Health Care Guide and FASB pronouncements for not-for-profits, such as statements 116 and 117

d) The hospital must use the direct method of presenting operating cash flows