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A nurse keeps ongoing documentation of all the clients seen at the community health clinic.The nurse enters the demographic data and the primary diagnoses into the computer to have a comprehensive perspective of the clinic's clients.Which of the following best explains why the nurse is collecting this data?
Owner's Equity
The residual interest in the assets of the entity after deducting liabilities, representing the ownership interest in the company.
Salaries
Compensation paid to employees for work performed, often expressed as an annual sum or hourly wage.
Net Income
The total profits of a company after all expenses and taxes have been deducted from total revenues.
Owner's Drawings
The act of an owner drawing funds from a business in a sole proprietorship or partnership for personal needs.
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