The Occurrence That Most Likely Would Have No Effect on 2007

question 73

Multiple Choice

The occurrence that most likely would have no effect on 2007 net income is the

• A)sale in 2007 of an office building contributed by a stockholder in 1961.
• B)collection in 2007 of a dividend from an investment.
• C)correction of an error in the financial statements of a prior period discovered subsequent to their issuance.
• D)stock purchased in 1993 deemed worthless in 2007.

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Definitions:

Psychomotor Skills

Abilities related to the coordination of cognitive processes and physical movement, such as driving a car or typing.

Health Outcomes

The results of healthcare interventions, reflecting the changes in health status or quality of life.

Client's Culture

The sum of beliefs, practices, habits, and values that characterize an individual or group being served professionally.

Healthcare

The organized provision of medical care to individuals or communities through services offered by professionals in clinics, hospitals, and other facilities.