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How do Beckman Coulter and Abbott instruments count red cells and platelets?
Prepaid Expenses
Payments made in advance for goods or services, which are recognized as expenses over time as the benefits are received.
Adjusting Entries
Financial records generated at the end of a bookkeeping period to allocate receipts and disbursements to the time in which they actually occurred.
Accrued Expenses
Expenses that have been incurred by a company but not yet paid or recorded in financial statements.
Adjusting Entries
Journal entries made in accounting to update the records for expenses and revenues that have accrued but are not yet recorded.
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