In a private health care organization, plant replacement and expansion funds account for:

Question

Quizplus · Accepted Answer

Plant replacement and expansion funds are funds set aside specifically for the improvement and expansion of a healthcare organization's physical property and infrastructure. Therefore, it is used for property improvements such as replacement of equipment, renovation of facilities, and expansion of facilities. It is not used for issuance or payment of long-term debt. Hence, the correct answer is A.

In a Private Health Care Organization, Plant Replacement and Expansion