A is corrent. Accounting standards require a statement of financial position which reports unrestricted, temporarily restricted, and permanently restricted net assets for nongovernmental, not-for profit organizations. Therefore, the statement of financial position is required for a private, not-for-profit hospital, but not for a public university, which is supported by government.
B is incorrect because it is required for a private, not-for-profit hospital.
C is incorrect because it is not required for a public university.
D is incorrect because it is required for a private, not-for-profit hospital but not a public university.
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