Free Financial CHFP Exam Braindumps (page: 32)

Which of the following in NOT the body of the income statement for investors-owned health care organizations?

  1. Operating income
  2. Non-operating income
  3. Income for taxes
  4. Excess of revenues

Answer(s): D



Which of the following in NOT the body of the statement of operations for non-for-profit health care organizations?

  1. Operating income
  2. Non-operating income
  3. Net income
  4. Excess of revenues

Answer(s): B



uses the accrual basis of accounting, which summarizes how much the organization earned and the resources it used to generate that income during a period of time.

  1. Balance sheet
  2. Non-operating income
  3. Statement of operations
  4. Accounting system for income

Answer(s): C



Revenues represent amounts earned by the organization would, not the amount of it received during the period.

  1. Cash
  2. Credit
  3. Revenue
  4. Expense

Answer(s): A






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