In a private,not-for-profit hospital,which fund would record cash and investments which have been restricted by the governing board for acquisitions of equipment and construction of a new hospital addition?
A)The plant replacement and expansion fund.
B)The specific purpose fund.
C)The endowment fund.
D)The general fund.

Question

Quizplus · Accepted Answer

The Answer of In a private,not-for-profit hospital,which fund would record cash and investments which have been restricted by the governing board for acquisitions of equipment and construction of a new hospital addition?
A)The plant replacement and expansion fund.
B)The specific purpose fund.
C)The endowment fund.
D)The general fund.

In a Private,not-For-Profit Hospital,which Fund Would Record Cash and Investments