Incorrect Collection of Blood from a Patient Who Has Had

question 66

Multiple Choice

Incorrect collection of blood from a patient who has had a mastectomy can result in which of the following?

• A) Patient developing lymphedema
• B) Patient developing an infection
• C) Samples being affected by lymphostasis
• D) All of the above

Understand the reporting and classification of different types of receivables on the balance sheet.

Grasp the principles behind and methods for estimating bad debt expenses.

Identify the key accounting treatments for notes and accounts receivable, including revenue recognition and impairment.

Learn the financial metrics used to assess the management of receivables, such as turnover ratios and days' sales in receivables.

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Definitions:

Collection Float

The time period between when a payment is made by a customer and when the funds are actually available in the company’s bank account.

Book Balances

The amounts shown in a company's financial records, before any adjustments for checks or debits that have not yet been processed by the bank.

Available Balances

The total amount of funds in an account that are accessible for use or withdrawal at any given moment.

Disbursement Float

The time gap between the writing of a check and the reduction of the payer's bank account balance.