A Decrease in a Liability Is Recorded by a Debit

question 118

True/False

A decrease in a liability is recorded by a debit.

Recognize the limitations of wound assessment tools like swab cultures.

Identify causes and risk factors for pressure ulcers.

Formulate nursing diagnoses and care strategies for patients with impaired skin integrity.

Understand the management and goals for different stages of pressure ulcers.

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Definitions:

NCI Entry

A journal entry that records the non-controlling interest's share of equity in the consolidated financial statements.

Equity

The value of an owner’s interest in a company, represented by the difference between the company's assets and liabilities.

Dividends

Payments made by a corporation to its shareholder members from the profits or reserves available for distribution, reflecting a share in the company's earnings.

Profit/(Loss)

The financial result of business operations, calculated as revenues minus expenses. A positive figure indicates profit, while a negative figure indicates loss.