While the Different Types of Health Care Organizations Follow Different

While the different types of health care organizations follow different sets of generally accepted accounting standards, the differences lie mainly in presentation. Which of the following statements is accurate?

A) Not-for-Profit Business-Oriented Organizations and Investor-Owned Health Care Enterprises must prepare a Balance Sheet or Statement of Financial Position and the equity section consists of paid-in capital and retained earnings.
B) Not-for-Profit Business-Oriented Organizations and Government Health Care Organizations must prepare a Statement of Net Positon and Statement of Revenues, Expenses and Changes in Fund Balance.
C) Investor-Owned Health Care Enterprises and Government Health Care Organizations must prepare a Statement of Cash Flows and Notes to the Financial Statements
D) Not-for-Profit Business-Oriented Organizations and Government Health Care Organizations must follow GASB standards while Investor-Owned Health Care Enterprises must follow FASB standards.