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goji.go goji.go
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9 years ago
What if Ruth Clark Hospital (Question 34) is a governmental hospital.  How would the Ruth Clark Hospital report its interest in the Hospital Foundation and the contributions it received at the end of the first year?
      a.   there is no difference in reporting fund-raising foundations between not-for-profit and governmental hospitals
      b.   as cash of $900,000, unrestricted net position of $150,000, and restricted net position of $600,000
      c.   it should present the Foundation as a discretely presented component unit (in a separate column) if the GASB standards for reporting it are met
      d.   as interest in hospital foundation of $900,000 and contributions of $900,000, with net position separately displaying unrestricted from restricted contributions
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Diesel
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f_zah1f_zah1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
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#3
9 years ago
You're very welcome!
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