The level of charity care should be disclosed in the notes to financial statements.

Question

Quizplus · Accepted Answer

Disclosing the level of charity care in the notes to financial statements helps in providing transparency and accountability to the public by showing the extent of the organization's commitment to providing healthcare services to those in need. This information is important for stakeholders and regulators to evaluate the organization's financial performance and community benefit.

The Level of Charity Care Should Be Disclosed in the Notes