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A nurse educator is giving a workshop on conflict.During the sessions,he makes various statements regarding conflict.All of the statements are true except:
Capitalized Interest
Interest that is added to the cost of a long-term asset, rather than being expensed immediately.
GAAP
Generally Accepted Accounting Principles (GAAP) are a set of accounting standards and principles designed to ensure consistency in financial reporting.
Repetitive Basis
A method or process that is regularly repeated in a consistent manner over time, often used to describe routine transactions or operations.
Deferred Charge
An expenditure paid for in one accounting period but reported as an asset because it will provide benefits in future periods.
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