Restricted assets of a nongovernment hospital are used to account for resources

Question

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Restricted assets of a nongovernment hospital are typically resources that have been restricted by donors or grantors. These resources can only be used for specific purposes as designated by the donor or grantor. Bonds and contracts may also restrict the use of specific funds, but this is not the main purpose of restricted assets in nongovernment hospitals. Management and the hospital board of directors may have oversight over the use of restricted assets, but they are not the primary source of the restriction.

Restricted Assets of a Nongovernment Hospital Are Used to Account