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Dr. Thigpen continued to use his original scale to measure his patients' weights even though it no longer gave an accurate reading. Despite its inaccuracy, the scale did consistently give the same wrong weight each time a patient stepped on it. In this case, his scale lacks:
Notes Receivable
Financial assets representing amounts owed to the holder by individuals or entities, usually evidenced by formal instruments of credit.
Accounting Issues
Challenges or problems encountered in the preparation, auditing, or analysis of financial statements.
Notes Receivable
A financial asset representing amounts owed to the company by others, documented by formal agreements with repayment dates and interest.
Accounts Receivable
Liabilities of customers towards a business for availing themselves of or receiving products or services not yet paid for.
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