Ross Hospital’s accounting records disclosed the following information: Net resources invested in plant assets (hospital policy is to release donor restrictions when assets are placed in service) . . . . . . . $10,000,000Board-designated funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000What amount should be included as unrestricted net assets?a. $12,000,000b. $10,000,000c. $2,000,000d. $0
Ross Hospital’s accounting records disclosed the following information: Net resources invested in plant assets (hospital policy is to release donor restrictions when assets are placed in service) . . . . . . . $10,000,000Board-designated funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000What amount should be included as unrestricted net assets?a. $12,000,000b. $10,000,000c. $2,000,000d. $0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ross Hospital’s accounting records disclosed the following information:
Net resources invested in plant assets (hospital policy is to release donor restrictions when assets are placed in service) . . . . . . . $10,000,000
Board-designated funds. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000
What amount should be included as unrestricted net assets?
a. $12,000,000
b. $10,000,000
c. $2,000,000
d. $0
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