Questions from Accounting for Government and Non-Profit

Q: Below are the abridged operating statements of two not-for-

Below are the abridged operating statements of two not-for-profit hospitals that serve similar populations. 1. What is the performance indicator of the hospitals? 2. Using the performance indicator, w...

Q: The Dave Health Care Center (DHCC) was created in 2017

The Dave Health Care Center (DHCC) was created in 2017 to provide medical services to low-income residents of Dave Town. DHCC had the following transactions during the year: 1. Received a pledge from...

Q: Did the government issue additional long‐term debt to support governmental

Did the government issue additional long‐term debt to support governmental activities during the year? Did it repay any long‐term debt used to support governmental activities? Did it engage in any in‐...

Q: : Select the best answer. 1. A not

Select the best answer. 1. A not-for-profit hospital pays $150,000 interest on its bonds outstanding. The bonds were issued to finance construction of a new hospital wing. In its statement of cash f...

Q: Select the best answer. 1. A not-

Select the best answer. 1. A not-for-profit hospital signs a contract with an insurance company in which the company agrees to pay it $6 million in capitation fees for the year July 1, 2017, through...

Q: What are “general” compliance requirements? Provide several examples.

What are “general” compliance requirements? Provide several examples.

Q: In a particular month Northwest Medical Clinic reported the following:

In a particular month Northwest Medical Clinic reported the following: 1. It provided direct care services to patients, billing them $400,000. Of this amount it received $120,000 in cash, but as a con...

Q: A not-for-profit residential assisted living center engaged in

A not-for-profit residential assisted living center engaged in the following transactions during the year. Prepare appropriate journal entries. 1. It billed residents for $6,200,000. Of this amount it...

Q: Prepare journal entries for the following transactions. 1. Mt

Prepare journal entries for the following transactions. 1. Mt. Helen Hospital billed the state Medicaid program $365,000 for services provided at its standard billing rate. The prospective payment sys...

Q: On June 30, 2018, a county (government) hospital

On June 30, 2018, a county (government) hospital bought 3,000 shares of stock for $94,000 intending to hold the investment for its proposed expansion of its trauma center. The market value of the stoc...