Which of the following would most likely be considered nonoperating income (versus operating income) on the income statement of a healthcare organization? Revenue from patient care activities Income from investments in financial securities Revenue from cafeteria and parking garage operations
Which of the following would most likely be considered nonoperating income (versus operating income) on the income statement of a healthcare organization? Revenue from patient care activities Income from investments in financial securities Revenue from cafeteria and parking garage operations
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Question 10
Transcribed Image Text:**Question:**
Which of the following would *most likely* be considered nonoperating income (versus operating income) on the income statement of a healthcare organization?
**Options:**
- ○ Revenue from patient care activities
- ● Income from investments in financial securities
- ○ Revenue from cafeteria and parking garage operations
- ○ Premium revenue
**Explanation:**
In this context, **nonoperating income** typically refers to earnings generated from activities not directly related to the core operations of the healthcare organization. Here, the most appropriate example of nonoperating income is **Income from investments in financial securities**, as it is derived from external financial investments rather than the organization's primary services or related business operations.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education