69. The Audit Guide requires that private not-for- profit hospitals report a performance indicator on its statement of operations. Which of the following items would be included in the calculation of the per- formance indicator? • Proceeds from cafeteria sales to non- patients. • Net assets released from restrictions used for operating expenses. a. Both b. Neither c. Proceeds from cafeteria sales d. Net assets released from restrictions used for operating expenses.

69. The Audit Guide requires that private not-for- profit hospitals report a performance indicator on its statement of operations. Which of the following items would be included in the calculation of the per- formance indicator? • Proceeds from cafeteria sales to non- patients. • Net assets released from restrictions used for operating expenses. a. Both b. Neither c. Proceeds from cafeteria sales d. Net assets released from restrictions used for operating expenses.

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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Question

69. The Audit Guide requires that private not-for-
profit hospitals report a performance indicator on its
statement of operations. Which of the following
items would be included in the calculation of the per-
formance indicator?
• Proceeds from cafeteria sales to non-
patients.
• Net assets released from restrictions used for
operating expenses.
a. Both
b. Neither
c. Proceeds from cafeteria sales
d. Net assets released from restrictions used for
operating expenses.

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