What are the differences between recording a hospitals expenses by natural classication than by function?

Question:

What are the differences between recording a hospital’s expenses by natural classiﬁcation than by function?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

See More Books

Question Posted: Aug 13, 2014 12:03 PM

See More Questions

What are the differences between modular and virtual organizations? What are their advantages and disadvantages?
What are the differences between Canadian and U.S. accountability boards? Compare the differences in their monitoring reports. Which ones do you think are better?
What are the differences between an opportunity and an idea and why are those differences important for entrepreneurs?
(b) (i) A long single mode optical fiber has an attenuation of 0.40 dBkm when operating at a wavelength of 1.55 m. The fiber core diameter is 6 pm and the laser source bandwidth is 500 MHz. Determine...
Explain under what situations a process may request a shared lock or an exclusive lock. What problem may a process requesting an exclusive lock suffer from?
Calculate the gross profit or gross loss of each of the following businesses: Cost of goods purchased Sales ABCDE 9,820 10,676 7,530 14,307 C 10,500 19,370 D 9,580 9,350 8,760 17,200 Gross...
Prove that the matrices $\mathbf{H}$ and $\mathbf{I}-\mathbf{H}$ are idempotent, that is, $\mathbf{H H}=\mathbf{H}$ and $(\mathbf{I}-\mathbf{H})(\mathbf{I}-\mathbf{H})=\mathbf{I}-\mathbf{H}$.
Howell made long-distance telephone calls through the telephone companys computer-controlled switching system to solicit funding for a nonexistent business enterprise. What crimes did Howell commit?...
You placed $6,599 in a savings account today that earns an annual interest rate of 3 percent compounded annually. How much you will have in this account at the end of 2 years?
Suppose that the Hambros in the Tuman Bay is for sale. You have gathered the following pertinent facts: (i) the property (i.e., the land and building) is worth $500,000, the equipment and furniture...
What are the major categories of revenues and expenses for a health care organization?
Why is the statement of functional expenses required for voluntary health and welfare organizations?
In Exercises 5 through 16, find the indicated one-sided limit. If the limiting value is infinite, indicate whether it is + or . lim V3x - 9 x-3+
Give examples of two activities that courts have classified as abnormally dangerous and explain why they were considered to be so.
What do the fencing in and fencing out statutes provide?
How does a manufacturing defect differ from a design defect?
The ____________ ____________ element of private nuisance requires that the plaintiff suffer an injury different in kind from that suffered by the rest of the community.
The Restatement has adopted strict liability in cases involving abnormally dangerous activities and uses ________ factors to determine dangerousness.
To find out about your core self-evaluations, answer the 12 questions below as frankly and honestly as possible, using the following response scale: 1Strongly disagree 2Disagree 3Neither agree nor...
In Problems, solve each system of equations. x + 2y + 3z = 5 y + 11z = 21 5y + 9z = 13
Advanced problem on pricing strategy. Dow of the United States makes bungee cords for sale in the United Kingdom. Dow charges $6 per cord, or 4 at the $1.50/ spot rate. At this price, Dow expects...
On February 15, 2013, the Town of Hillsboro police chiefs administrative assistant is preparing a purchase order to place an order for a new computer. The computer is estimated to cost $1,500. Prior...
The City of Jackson adopted the following General Fund budget for fiscal year 2014: Estimated revenues: Taxes ........... $3,000,000 Intergovernmental revenues .. 1,000,000 Licenses and permits...
During July 2013, the first month of the 2014 fiscal year, the City of Jackson issued the following purchase orders and contracts (see Problem 35): General government ...... $ 50,000 Public safety...
I need to find out how to calculate the 3-year % rate of return. The information I have is a $10,000 investment and a 12-month yield percentage (1.138 for AB company, 1.894 for AIG company, 0.679 for...
Anna has an investment that will bring her $100 with a 30% probability and $40 with a 70% probability. Anna's Utility function is U = Y (1/2) . Where Y= income. Anna is considering selling this...
on January 1, 2000, the price of koka kola was $10. on jan and, 2020, the shares were worth $100. the stock Paid no dividends during the period. what is the annual geometric return.

What are the differences between recording a hospitals expenses by natural classication than by function?

Question:

Step by Step Answer:

Per FASB statement No 117 expenses may be classified using either a natural classifica...View the full answer

Government and Not for Profit Accounting Concepts and Practices

Students also viewed these Accounting questions