The equity section of the Statement of Net Position of a government-owned hospital may contain which of the following descriptions?

Question

Quizplus · Accepted Answer

If a health care organization is owned or controlled by a government, it is typically considered a special-purpose entity engaged only in business-type activities and would use proprietary fund accounting. The categories in the equity section Net Position are Net Investment in Capital Assets, Restricted Net Position and Unrestricted Net Position.

The Equity Section of the Statement of Net Position of a Government-Owned