NFP - HCOs

Question 1

Hospitals modify the format of the SoA to inculde _________ and non _______ sections.

Answer 1

Operating

Question 2

Patient service revenues of a government hospital should be reported in the statement of revs, expenses, and changes net of bad debts, contractual adjustments, policy discounts, and _____ ______.

Answer 2

Charity Services

Question 3

Patient service revenues of a government hospital should be reported in the statement of revs, expenses, and changes net of bad debts, contractual adjustments, policy discounts, and _____ ______.

Answer 3

False, not reported at all

Question 4

Government hospitals do not report bad debt, charity services, or contractual adjustments. TF

Answer 4

True

Question 5

HCO expenses are reported by ______.

Answer 5

Function

Question 6

Government hospitals present different finacial statments than NFP hospitals. TF

Answer 6

True

Question 7

Equity reporting is identical between NFPs and Government HCOs? TF

Answer 7

False, NFPs use the 3 catergories of net assets, Gov uses either investment in capital assets, restricted net position, or unrestricted net position

Question 8

Unrestricted gifts and unrestricted bequests are credited to operating or non-operating revenue?

Answer 8

Non operating

Question 9

Gov HCOs classify revenues into which three categories?

Answer 9

Patient service, premium fees, and other