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How are corrections made to the electronic health record?
Balance Sheet
A document detailing a firm's assets, liabilities, and owners' equity at a particular moment, offering an overview of its financial health.
Unearned Subscriptions
A liability account that represents payments received by a company for subscriptions that have not yet been earned because the service has not been provided.
Deferral
An accounting principle that postpones the recognition of an expense or revenue to a future accounting period.
Accrual
The accounting method that recognizes revenues and expenses when they are incurred, regardless of when cash is exchanged.
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