QUIZZES

Which of the following is a liability? cash equivalents net property and equipment notes payable accounts receivable

notes payable

Which of the following does NOT belong to the income statement? Patient service revenue Contribution Depreciation Account receivable Interest expenses

Account receivable

Which of the following is an asset? Accounts payable Accounts receivable Bank loan Notes payable

Accounts receivable

Which of the following statement is correct? Accrual accounting can mimic tax statement Accrual accounting provides a better picture of the economic status Cash accounting is complicated but efficient Cash accounting is required by GAAP

Accrual accounting provides a better picture of the economic status

Which of the following are characteristics of not-for-profit business? It can issue tax-exempt bond. It can issue municipal bond. It can receive zero tax contributions. Both A and B All A, B, and C

All A, B, and C

The financial statement that contains information about an organization's assets and the financing used to acquire those assets is called: Income statement Balance sheet Statement of change in equity Statement of cash flow

Balance sheet

Which of the following basic characteristics are required to make health insurance "work"? Pooling of all losses Payment for all losses Risk transfer and indemnification Both A and C All A, B and C

Both A and C

The fee-for-service reimbursement method includes all of the following except: Charge-based reimbursement Prospective payment Capitation Cost-based reimbursement

Capitation

The statement of cash flows is divided by all of the following categories except: Cash flows from collection activities Cash flows from financing activities Cash flows from investing activities Cash flows from operating activities

Cash flows from collection activities

Which of the following statement about partnership and corporation is correct? Partnership normally has three or more owners. Corporation faces double taxation for investor-owned business. Partnership business has limited liability Corporation is hard to transfer ownership since it is large business.

Corporation faces double taxation for investor-owned business.

Which of the following regarding income statement expenses is most correct? Salaries is a small part in all different categories of expenses. Depreciation is a noncash expense. It reports the amount of expenses used to purchase the supplies. The leased equipment are not belong to the hospital, so we don't record that expenses in income statement.

Depreciation is a noncash expense.

This involves identifying, measuring, recording, and communicating in dollar terms the economic events and status of an organization: Accrual Accounting Financial Accounting Cash Accounting Managerial Accounting

Financial Accounting

Which of the following statements is correct regarding income statement? It provides information about profitability. It reports the operations at a given point in time. It records the amount of revenue that has not yet been collected. It uses cash accounting to record activities.

It provides information about profitability.

Which of the following is NOT the responsibility of Treasurer? Manage financial risk Manage the money to be received Purchase capital for operation Manage bank loan or other debt

Manage the money to be received

Which of the following is related to skip prevention because the insured does not bear the full cost of the consequences? Health insurance Information asymmetry Moral Hazard Adverse selection

Moral Hazard

Regarding managed care plans, which is NOT a characteristics of HMO? Need a PCP. Need coinsurance. Need copayment. Need referral for specialist.

Need coinsurance.

Which of the following is NOT a financial activity? Financial risk management Contract management Operating management Financial reporting

Operating management

Which of the following statements about fee-for-service reimbursement is NOT correct? Payment may be cost based. Payment may be on a per day basis. Payment may be based on the number of covered lives. Payment may be charge based.

Payment may be based on the number of covered lives.

Which of the following statements about not-for-profit corporations is most correct? They can issue tax-exempt debt. They typically pay federal income taxes. They pay dividends to owners. They typically pay double taxation.

They can issue tax-exempt debt.

Which of the following activity leads to a cash flow in? increase in accounts receivable decrease in accounts payable increase in notes payable decrease in accruals

increase in notes payable