A not-for-profit hospital must prepare a stockholder report annually.

Name: A not-for-profit hospital must prepare a stockholder report annually.
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Question

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Not-for-profit hospitals do not have stockholders; they are typically owned by a non-profit organization, a government entity, or a combination thereof, and therefore do not issue stockholder reports. They may prepare annual reports or financial statements for stakeholders, but not stockholder reports.

A Not-For-Profit Hospital Must Prepare a Stockholder Report Annually