Short Answer Questions 92.What are the components of the equity section of the Balance Sheet of Statements of Net Assets, as appropriate for the following types of organizations? ?Not-for-profit,...

Short Answer Questions

92.What are the components of the equity section of the Balance Sheet of Statements of Net Assets, as appropriate for the following types of organizations?

?Not-for-profit, Business-Oriented Organizations

?Investor-Owned Health Care Enterprises

?Government Health Care Organizations

93.What is the basis of accounting for hospitals and other health care organizations, and what organizations are responsible for setting Category A GAAP?

94.Answer the following questions:

(a)Other than a Statement of Financial Position (i.e. balance sheet), what are the remaining financial statements required of private not-for-profit health care entities?

(b)What accounts appear in the equity section of the balance sheet of commercial hospitals, government owned hospitals, and private not-for-profit hospitals?