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A client's spouse contacts the office manager and requests information about the client's health history. He explains that he is trying to get accurate information about his wife to complete a form for insurance reimbursement. The office manager provides the client's information to the spouse. Which of the following has been violated?
Net Realizable Value
The expected selling price in the ordinary course of business minus the estimated costs of completion and the costs necessary to make the sale.
Normal Selling Price
The standard amount charged to customers for a good or service under normal market conditions.
Beginning Inventory
The value of goods available for sale at the start of an accounting period, before any purchases or sales have occurred.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from total revenue.
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