In a statement of cash flows of a not-for-profit healthcare entity, what are the statement’s main sections?
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In a statement of cash flows of a not-for-profit healthcare entity, what are the statement’s main sections?
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- In its simplest form, the balance sheet of a non-profit reveals the following relationship____ Group of answer choices Total assets - Liabilities = Shareholders' equity Total assets + shareholders' equity = Liabilities Total assets + Liabilities = Shareholders' equity Total assets = Liabilities + Fund equityWhich of the following measures is least useful for assessing a healthcare organization's financial viability? Operating income from the income statement Cash flow from operations from the statement of cash flows Net increase (decrease) in cash from the statement of cash flows Net income from the income statement Net working capital from the balance sheetHow should a nongovernmental, not-for-profit organization report contributions without donor‘s restriction in its statement of cash flows A.) Operating activity inflow. B.) Investing activity inflow. C.) Financing activity inflow. D.) As a noncash transaction.
- Discuss the key differences between cash and accrual accounting? Explain why most health entities use accrual accountingA difference in reporting on the balance sheet for a for profit business and a Not-for-profit entity is that current assets and current liabilities are reported in the for-profit sector and the parallel accounts in not for profit are found in: a.Net assets b.Donations c.Deferred accounts d.Fund accountsThe statement of cash flows of a not-for-profit should be divided into which of the following categories of cash flows? A.) Operating activities, noncapital financing activities, capital and related financing activities, investing activities B.) Operating activities, capital activities, investing activities C.) Operating activities, financing activities, capital activities D.) Operating activities, financing activities, investing activities
- The three major items on a balance sheet of a non-profit include all but which of the following___ Group of answer choices Net income Liabilities Assets Fund equityWhich of the following types of information would be included in total net assets in the statement of financial position for a not-for-profit organization?a. total current assets.b. long-term liabilities.c. types of individual funds the entity has.d. unrestricted net assets, temporarily restricted net assets, and permanently restricted net assets.What role does cash and cash flow play in the income statement and the balance sheet? In what way, if any, is the role of cash flow unique within the healthcare industry?
- Which of the following statements is correct concerning a governmental entity’s combined statement of cash flows?a. Cash flows from capital financing activities are reported separately from cash flows from non-capital-related financing activities.b. The statement format is the same as that of a business enterprise’s statement of cash flows.c. Cash flows from operating activities may be reported using the indirect method.d. The statement format includes columns for the general, governmental, and proprietary fund types.A cash flow statement is considered a major financial statement for a business and nonprofit entity. Discuss the main purposes of a cash flow statement and how an entity uses the cash flow statement. Discuss the major sections of a cash flow statement and identify which types of transactions are contained in each section.What are the objectives of financial reporting of not-for-profit organizations?