Unlike other not-for-profit entities, the FASB requires health care entities to prepare a statement of changes in net assets.

Name: Unlike other not-for-profit entities, the FASB requires health care entities to prepare a statement of changes in net assets.
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Quizplus · Accepted Answer

The FASB does require health care entities to prepare a statement of changes in net assets. This is due to the unique nature of the health care industry and the importance of tracking changes in assets and liabilities.

Unlike Other Not-For-Profit Entities, the FASB Requires Health Care Entities