The Audit and Accounting Guide identifies items that should not be included in the determination of operating income for a health care organization. Which of the following is not one of those items?

Question

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While the receipt of unrestricted contributions is not included in the calculation of operating income, it is not one of the items identified in the Audit and Accounting Guide. The Audit and Accounting Guide identifies the following items that should not be included in the determination of operating income: 1) transaction with the owners, other than in exchange for services, 2) transfers among affiliated organizations, 3) Receipt of temporarily or permanently restricted contributions, 4) items identified by FASB standards as elements of other comprehensive income, 5) items requiring separate display and 6) unrealized gains and losses on investments other than those classified as trading securities.

The Audit and Accounting Guide Identifies Items That Should Not