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The CFO of a "Not-For-Profit" Hospital Is Making a Presentation

Question 110

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The CFO of a "Not-for-Profit" hospital is making a presentation at your college.The presentation is for Business and Health-Science majors.During the presentation the CFO mentions assets being reported "above the line." On the way out your roommate a health-science major asks,you,an accounting major,to explain what the CFO was referring to.What do you respond?

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Not-for-Profit hospitals report an opera...

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