In a Deferral Adjustment for Revenues Collected in Advance That

question 247

Multiple Choice

In a deferral adjustment for revenues collected in advance that are now earned:

• A)a liability is decreasing because cash is being paid for an expense incurred at the time of the adjustment.
• B)the liability recorded when cash was received is increased by the adjustment for the revenue being earned.
• C)the liability recorded when cash was received is decreased by the adjustment for revenue being earned.
• D)a liability is increasing because cash will be paid for an expense in the future.

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Definitions:

Graphic Flow Sheet

A visual representation of a patient's data over time, used in medical settings for quick reference to trends in the patient's condition.

Active Listening

A communication technique used in counseling, training, and conflict resolution, where the listener gives full attention to the speaker, acknowledges their message, responds appropriately, and remembers what was said.

Nursing Assessment Models

Frameworks that guide nurses in the systematic collection of patient data to determine nursing care needs.

Objective Data

Information that is measurable, observable, and verifiable by others, not influenced by personal feelings or interpretations.