A 52-Year-Old Man Comes to the Office Due to Right

question 32

Multiple Choice

A 52-year-old man comes to the office due to right shoulder pain.  He is an avid golfer but has been unable to play for the past 3 months due to the pain.  Lately, it has started to interfere with his daily activities, such as getting dressed.  An MRI shows thickening and calcification of the supraspinatus tendon.  Which of the following shoulder actions is most likely to provoke pain in this patient?

• A)Abduction
• B)Adduction
• C)Extension
• D)Flexion
• E)Internal rotation

Understand how financial information's relevance and reliability are maintained through standards such as generally accepted accounting principles (GAAP).

Identify the components of shareholders' equity and understand its reporting.

Recognize the importance of liquidity order in presenting current assets and liabilities in financial statements.

Understand the distinction between physical and intangible assets and their presentation in financial reports.

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Definitions:

Adjusting Journal Entries

These are entries made in the accounting records to update the accounts for events that have occurred but have not yet been recorded.

Closing Journal Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts and prepare the company's books for the next period.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of a business, whichever is longer.

Current Liabilities

Financial obligations a company is required to pay within one year or within the normal operating cycle.