Hi, Please help with E18-1. It is 10 multiple choice questions. Thank you. Accounting for Health Care Organizationsc. plant replacement and expansion funds.d. All of the above. 10was to roqyl zuonyistiqaod inommeyantvollot 1-stovilebigyt blyodaFish Insile Tap!e. Items a and b only.overy) RSSf. None of the above.7. Which of the following statements concerning the accounting and financial reporting prac-tices for revenue in government hospitals is false?a. Only the amount of patient service charges that one has a responsibility to pay isreported as revenues.haradzovni ne ammooni batb. Patient service revenues are reported net of charity services and uncollectible accounts.c. Contractual adjustments arising from agreements with third-party payers (e.g., Medicareand Medicaid) are not netted with patient service revenues.d. Charity services are not reported as revenues or receivables in the financial statements.8. Which of the following events would not potentially result in a gain that would be reportedin a government hospital's financial statements?a. Third-party reimbursements that exceed initial expectationsb. Sales of capital assetsc. Gifts or donationsd. Investment incomee. Sales of investment securitiesJem 98102 10 25le9. Which of the following statements best describes the accounting and financial reporting forthe donation of professional services? 2990a. The reporting of contributed services by a government hospital is optional.b. Contributed services received by governmental hospitals should be reported as non-operating revenues if they are being recognized in the financial statements.c. Items a and b accurately reflect the reporting practices of government hospitals.d. Items a and b are all false statements.10. Which of the following classifications of equity would not be reported on a governmentalhospital's balance sheet?a. Invested in capital assets, net of related debtb. Fund balancec. Restricted net assetsd. Unrestricted net assetsPotepus read srit yliansbl (sion sigiluM) 1-873Home. All of the above are common equity accounts reported by government hospitals. E18-1 (Multiple Choice) Identify the best answer for each of the following:1. Which of the following bodies play significant roles in establishing GAAP for governmenthealth care providers?a. GASBb. FASBc. AICPAd. All of the above.e. Items a and b only.f. Items a and c only.2. Government hospitals are reported similar toa. enterprise activities.Todas babasnisl ovitoogestb. governmental funds.c. governmental not-for-profits.d. All of the above.e. None of the above.3. The primary differences between hospital accounting and business accounting includea. certain revenue recognition practices.b. the types of equity accounts used in reporting.c. the way in which capital assets are reported.d. All of the above.be. Items a and b only.f. Items b and c only.4. A gift to a government hospital that is restricted by the donor to use for a specific programshould be credited directly toa. restricted net assets.b. deferred revenue.a. other operating revenue.b. nonoperating gain.c. net assets.c. revenue.d. unrestricted net assets.Baianos (noir5. Donated medicines that normally would be purchased by a government hospital should berecorded at fair market value and should be credited directly tod. deferred revenue or gain.6. Although their use is optional, the types of restricted funds often used in hospital financialaccounting includea. specific purpose funds.b. endowment funds.

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1. Which of the following bodies play significant roles in establishing GAAP for government health care providers? a. GASB b. FASB с. AICPA d. All of the above. e. Items a and b only. f. Items a and c only. begint

1. Which of the following bodies play significant roles in establishing GAAP for government health care providers? a. GASB b. FASB с. AICPA d. All of the above. e. Items a and b only. f. Items a and c only. begint

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Fill in the missing amounts from the following T accounts.
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How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
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Comment on the trends you see in attached numbers. 5 to 6 sentences Thanks
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7. Find all four stated rate (APR)
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