Disclosure of a Contingent Loss Is Usually Made

question 64

Multiple Choice

Disclosure of a contingent loss is usually made

• A) parenthetically, in the body of the balance sheet.
• B) parenthetically, in the body of the income statement.
• C) in a note to the financial statements.
• D) in the management discussion section of the financial statement.

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Definitions:

Plan of Care

A detailed plan devised by healthcare professionals outlining the individualized treatment and interventions for a patient or client.

Plan of Care

A detailed approach developed by healthcare professionals to address a patient’s specific health needs and treatment goals.

Registered Nurse

A healthcare professional who has successfully completed a nursing program and passed a national licensing exam.

Nurse's Assumptions

Preconceived notions or beliefs held by nurses that can affect how they assess and treat patients, potentially influencing patient outcomes.