A Nurse Is Interested in Taking a Second Job in an Adjoining

question 10

Multiple Choice

A nurse is interested in taking a second job in an adjoining state but does not want to take another licensure examination.A helpful co-worker correctly states,

• A) "Check to see if that state is in our Compact."
• B) "See if that state will just give you a license."
• C) "There's no way around it; you have to take it."
• D) "You won't have to take another test."

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset over its useful life.

Adjusting Journal Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the appropriate years.

Accrual

An accounting principle that recognizes revenues and expenses when they are incurred, regardless of when cash transactions occur.

Adjusting Journal Entries

Entries made at the end of an accounting period to update balances of revenues and expenses to reflect the correct amounts earned or incurred during a period.