The clinic incurred 4500000 in general expenses and paid


1. The clinic incurred $4,500,000 in general expenses and paid cash for them. The result of this will be

A) Decrease in cash (current assets)

B) Increase in unrestricted net assets

C) Decrease in current liabilities

D) Both A and B

2. The hospital received $1,000,000 in cash from a donor who temporarily restricted its use. The result of this will be

A) Increase in cash (current assets)

B) Increase in total revenues

C) Decrease in liabilities

D) Both A and B

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Financial Management: The clinic incurred 4500000 in general expenses and paid
Reference No:- TGS01712319

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