The format for a not-for-profit health care entity's statement of operations is the same as that for other types of not-for-profits; the FASB requires a different title on the statement since most revenues are derived from user charges.

Question

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The statement of operations for a not-for-profit health care entity is different from that of other types of not-for-profits because it includes additional items related to the provision of health care services. Additionally, the FASB requires a different title on the statement to reflect this difference.

The Format for a Not-For-Profit Health Care Entity's Statement of Operations