Which of the following statements concerning the income statement of health services organizations is most correct?

a. GAAP specifies a single format for the income statement of health services organizations, so they all look exactly the same.

b. The income statements of most hospitals report only one measure of profitability.

c. The income statement has three expense sections: operating expenses, financial expenses, and frivolous expenses.

d. The premium revenue entry reports revenues collected that exceed the prices listed on the organizations chargemaster.

e. The income statements of most hospitals report two measures of profitability: operating income and net income.