Use the Following Information to Answer Questions

question 1

Multiple Choice

Use the following information to answer questions.
Mr.K is a 66-year-old African American.He was admitted to the emergency room of Twin Peaks Hospital after passing out unexpectedly at work.He is having difficulty talking and does not know what happened to him.His wife provides the dietitian on staff the following information about his diet.Breakfast: eggs fried in butter,toast,and black coffee;Lunch: ham sandwich,canned soup,potato chips,diet soda,and a candy bar;Dinner: beef or other type of meat,potato with butter,broccoli with mayonnaise,ice cream,and black coffee.

-What other risk factors does Mr.K have?

• A)He is obese
• B)He is African American
• C)He eats a high-sodium diet
• D)All of the above
• E)a and b only

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or age.

Book Value

The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets (patents, copyrights) and liabilities.

Prepaid Insurance

Prepaid insurance refers to insurance premiums that have been paid in advance and are recorded as a current asset on the company's balance sheet until the period the insurance coverage relates to occurs.

Adjusting Entry

An adjusting entry is made in the accounting records at the end of a period to allocate income and expenditures to the appropriate period.