In the process of general purpose external financial reporting, a health care organization is required to present

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In the process of general purpose external financial reporting, a health care organization is required to present a statement of operations, which shows the revenues, expenses, and net income or loss for a period of time. This statement provides important information to external users about the financial performance of the organization. While a separate statement of changes in equity, net assets, or fund balance may be presented by some organizations as a supplement to the financial statements, it is not a required element of general purpose external financial reporting. Performance indicators are not required by all entities, and fund group information is only required by not-for-profit organizations.

In the Process of General Purpose External Financial Reporting, a Health