The equity section of governmentally-owned hospitals includes nonspendable,restricted,committed and assigned fund balances.

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Governmentally-owned hospitals typically use fund accounting, but the equity section is not categorized into nonspendable, restricted, committed, and assigned fund balances. These terms are more commonly associated with governmental funds, not the equity section of hospitals.

The Equity Section of Governmentally-Owned Hospitals Includes Nonspendable,restricted,committed and Assigned