Question: Question 1 ( 2 points ) _ _ _ _ _ _ _ _ _ _ _ _ and _ _ _ _ _ _
Question points and are the goals of financial management. Question options: Planning, monitoring Profitability, viability Profitability, monitoring Planning, viability Question points is the difference between a healthcare providers stated charge and the payment agreed to with a thirdparty payer such as an insurance company Question options: Contractual allowance Discount Gross price Explanation of benefits Question points True or false: In forprofit organizations, equity represents an organizations net worth or value to its owners. Question options: True False Question points True or false: The entity concept tells us that we should not commingle resources of one entity with another entitys resources. Question options: True False Question points Viability is measured in terms of and Question options: profitability, solvency profitability, liquidity liquidity, solvency risk, return Question points is the concept which states that in reporting the financial positions of the organization, sufficient consideration should be given to the various risks the organization faces. Question options: Matching Cost Objective Evidence Conservatism Question points True or false: For notforprofit organizations, the accounting equation is as follows: Assets Liabilities Owners Equity Question options: True False Question points True or false: An organization is liquid if it has enough nearterm resources to meet its longterm obligations as they become due for payment. Question options: True False Question points True or false: The more liquid an organization is kept, the lower the profits. Question options: True False Question points The concept states that financial reports should disclose any information needed to ensure that the reports are a fair representation. Question options: Materiality Entity Full Disclosure Going Concern Question points Net assets might limit when or how an organization uses the donation, or it might prevent the organization from ever consuming the donation and limit it to consuming earnings from investments acquired with the donated money. Question options: Without Restrictions With Endowment Restrictions With Restrictions With Permanent Restrictions
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