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The nurse is caring for a client in a long-term care facility who has these medications prescribed. After the client is diagnosed with hypothyroidism, which of the following medications should the nurse report to the health care provider?
Cash-Basis Accounting
Accounting basis in which companies record revenue when they receive cash and an expense when they pay out cash.
Revenue Recognition Principle
An accounting principle stating that revenue should be recorded when it is earned and realizable, regardless of when the cash is received.
Expense Recognition Principle
An accounting principle that states expenses should be recognized and recorded when they are incurred, regardless of the timing of cash payments.
Financial Statements
Papers that give a summary of a corporation's financial status, featuring the balance sheet, income statement, and statement of cash flows.
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