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As a pediatric nurse, you forget to open the clamp on an intravenous electrolyte replacement solution to correct a significant serum depletion. What type of error have you committed?
Adjusting Entry
Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.
Single-Step Income Statement
A simplified income statement that calculates net income by subtracting expenses from revenues in one step.
Statement of Owner's Equity
A financial statement detailing changes in the equity of a company's owner(s) over time, including contributions, withdrawals, and the impacts of net income or loss.
Administrative Expenses
Overhead expenses not directly attributable to specific business operations, such as salaries of senior executives.
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