Quiz- BILLING AND CODING

A proposal to eliminate the tax deduction for charitable contributions would cause a negative impact on     physicians’ salaries.     the number of patients paying out of pocket for cosmetic surgery.     the number of self pay hospital patients.     hospitals budget for philanthropic donations.     nurses duties.

Does it make sense for not-for-profit organizations such as hospitals and universitiesto have CFOs? Why or why not?

Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital). What kinds of goals do you think would be appropriate?

Which of the following characteristics identify a nonprofit as it relates to tax-status? (Choose all that apply.) Select one or more: a. They don't generate profit that gets reinvested into their mission. b. They are governed by a compensated board of directors c. They are primarily funded by membership fees d. They have a mission that is based around serving the public need

How do not-for-profits differ from governments in the way they account for business-type activities, such as dining halls, gift shops, and admission fees?

plz solve!!

Identify the type of government policies promoting innovation and social benefit represented by the following scenarios: A. Subsidies B. Taxation C. Neither D. Research and Development 1. ABC Research obtains a federal grant to research new energy sources ? ✓ 2. The city of Houston partially funds its community college to lower the cost of tuition 3. ExpertResearchInc receives a tax credit because of its research in critical technologies ? ✓ 4. The government regulates the emission of harmful chemicals no n. ?

Scenario: Not-for-profit entities and state and local government organizations are small in comparison to the federal government. The federal government has many different segments that cross the boundaries of private and public sectors. All of these segments need accounting, and each needs to be accountable to the taxpayers who pay for them. The federal government also has individual corporations, such as the U.S. Postal Service, that are part of the federal government as separate businesses. These corporations receive sustenance from the services that they provide but are still supported by the federal government if the services do not generate enough funds. The U.S. Postal Service is a prime example of a corporation with continued losses that still operates. The federal government is responsible for the mail and ensures that everyone receives their mail. Even though the size of the federal government is massive, accounting, reporting, and analyzing are still a requirement. Just like…

Should private non-profit organizations like hospitals and schools be subject to limits on political activity that don't apply to business firms? Why or why not?

Select one of the following nonprofit organizations:1.The American Accounting Association2.American Red Cross3.United Way4.American Cancer Society5.American Institute of CPAsUse the Annual Report of the organization you have selected to:a. Identify the financial statements that the entity presents and what additional disclosure it presents.b. Analyze how contributions are recognized (contributions revenues). Does the organization have net assets with restrictions imposed by donors? What is the nature of the restrictions?