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A student nurse is comparing treatment methods for urolithiasis and urinary incontinence. Which statement made by the student nurse indicates proper understanding of the treatment methods?
Common Shares
A type of equity security that represents ownership in a corporation, with holders possibly entitled to dividends and voting rights.
Net Income
The ultimate earnings of a corporation after reducing total income by any expenses, taxes, and costs.
Prior Period Adjustments
Adjustments made to correct financial statements of previous periods due to errors or changes in accounting policy, ensuring accuracy in current financial reporting.
Statement Of Retained Earnings
A financial document that shows how a firm's earnings are reinvested in the business or paid out to shareholders.
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