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A nursing center resident is out of bed all day. What kind of bed should you make?
GAAP
Generally Accepted Accounting Principles, a set of rules and standards for financial reporting used in the United States.
Assets Reporting
The process of documenting and disclosing the value and details of a company’s assets in financial statements.
Net Assets
The total value of all a company's assets after subtracting liabilities; an indication of the company's net worth.
GAAP
Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements in the United States.
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