Both governmental and nonprofit hospitals are required to be present a statement of cash flows, but the statements presented for nonprofit hospitals are different from those presented by governmental hospitals.

Question

Quizplus · Accepted Answer

Because of differences in the standards adopted by the FASB and the GASB, several major differences can be found in the details of these cash flow statements, including the use of the indirect method by nonprofits, the use of four cash flows categories by governmental hospitals and three by nonprofit hospitals.

Both Governmental and Nonprofit Hospitals Are Required to Be Present