Three accountants started talking about hospitals. One said he was treated at a not- for- profit hospital, another said she was treated at a county hospital, and the third said he had just returned from the hospital run by the U. S. Veterans Administration. They wondered why three different bodies established accounting standards for hospitals. Give reasons for and against the existence of three accounting standards- setting
Answer to relevant QuestionsSeveral not- for-profit organizations use television campaigns to obtain pledges to contribute cash. Some people think that not- for- profit entities should recognize pledges as revenues when the cash is actually received. ...List the three categories of funds used in governmental accounting, and describe the types of activities accounted for in each category.Why are there no capital assets in governmental- type funds?State whether the following sentences are true or false regarding accounting measurements within governmental- type funds . If the sentence is false, state why.1. Capital assets are recognized as assets and depreciated over ...What is the purpose of a budget calendar?
Post your question