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Read the following excerpt from a patient's health record: Plan: Patient has already had an emergent coronary arteriography, which showed three stenotic vessels. I have recommended CABG over percutaneous catheterization due to three-vessel involvement, and the patient agrees.
According to the information in this patient's health record, which of the following statements is NOT true?
Cash Receipts
The total amount of money, including cash, checks, and credit card payments, received by a business during a given period.
Internal Control Procedures
Processes implemented by a company to ensure integrity of financial and accounting information, promote accountability, and prevent fraud.
GAAP
GAAP stands for Generally Accepted Accounting Principles, which are standardized guidelines and practices for financial accounting and reporting in the U.S.
IFRS
International Financial Reporting Standards, a set of accounting guidelines that provide a global framework for businesses to prepare and disclose their financial statements.
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