Since Long-Term Liabilities Are Not Recorded in the Governmental Funds

question 130

True/False

Since long-term liabilities are not recorded in the governmental funds, payments of debt principal are recorded as expenditures, rather than reductions of outstanding liabilities.

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Definitions:

Occupational Therapist

A healthcare professional specializing in helping patients develop, recover, improve, or maintain the daily living and work skills needed for a meaningful lifestyle.

National League for Nursing

A professional organization for nurse educators and leaders in nursing education, dedicated to excellence in nursing education.

Nursing Education

The formal training and education provided to nurses, encompassing both initial licensure and ongoing continuing education.

Patient Safety

The practice of preventing harm to patients during the course of healthcare delivery, through risk management and safety protocols.