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The nurse is working at an outpatient substance abuse treatment facility that specializes in the administration of methadone. The nurse is giving a patient education session. What will the nurse explain is the goal of methadone treatment?
Payables
Payables, also known as Accounts Payable, are liabilities of a company that represent money owed to creditors for goods and services received but not yet paid for.
Accrual Basis
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is exchanged.
Net Income
The total earnings of a company after subtracting all expenses, including taxes and interest, from its total revenues.
Revenue Recognized
The point at which revenue is considered earned and can be recorded in the financial statements, according to specific criteria.
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