The required financial statements for a not-for-profit hospital are a balance sheet,statement of revenues and expenses of the General Fund,a statement of changes in fund balances,and a statement of cash flows of the General Fund.

Question

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Not-for-profit health care organizations are required to present a balance sheet, statement of operations, statement of changes in equity, and a statement of cash flows, as well as notes to the financial statements for the entity as a whole. A not-for-profit organization would not have a General Fund.

The Required Financial Statements for a Not-For-Profit Hospital Are a Balance