Which of the following items are not reported in much the same manner by government hospitals and nongovernment not-for-profit hospitals?

Question

Quizplus · Accepted Answer

Donated professional services are not reported in the same manner by government hospitals and nongovernment not-for-profit hospitals. Government hospitals typically do not recognize donated services as revenue unless they create or enhance nonfinancial assets or require specialized skills, are provided by individuals possessing those skills, and would typically need to be purchased if not provided by donation. Nongovernment not-for-profit hospitals, on the other hand, are more likely to recognize the fair value of donated services as revenue and as expenses, provided they meet certain criteria, enhancing the comparability of their financial statements with those of other not-for-profit entities.

Which of the Following Items Are Not Reported in Much