Entity assumption - Study guides, Class notes & Summaries

RHIA Exam 267 Questions with Verified Answers A method of documenting nurses' progress notes by recording only abnormal or unusual findings or deviations from the prescribed plan of care is called: - CORRECT ANSWER Charting by exception The discharge summary must be completed within _________ after discharge for most patients but within ________ for patients transferred to other facilities. Discharge summaries are not always required for patients who were hospitalized for fewer than _____...

Texas Promulgated Contracts-CHAMPIONS STUDY 2022-2023. The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilatera...

Chapter 1 The Financial Statements Ethics Check (5-10 min.) EC 1-1 a. Objectivity and independence b. Due care c. Integrity d. Integrity Short Exercises (10 min.) S 1-1 a. Corporation, limited partners of a Limited-liability partnership (LLP) and Limited-liability company (LLC). If any of these businesses fails and cannot pay its liabilities, creditors cannot force the owners to pay the business’s debts from the owners’ personal assets. Creditors can go after the general partner of a limited...

402 Exam 1 Graded A+ Assumptions 1. Economic entity 2. Going Concern 3. Monetary Unit 4. Periodicity Principles 1. Measurement 2. Revenue Recognition 3. Expense Recognition 4. Full Disclosure Contraints 1. Cost 2. Conservatism 3. Industry Practice Fundamental Qualities A. Relevance 1. Predictive Value 2. Confirmatory Value 3. Materiality B. Faithful Representation 1. Completeness 2. Neutrality 3. Free from error Enhancing Qualities 1. Comparabili...

ACC 101 Full Version 323 | Complete Solutions (Verified) QN=1 If assets are $199,000 and liabilities are $132,000, then equity equals a. $32,000. b. $67,000. c. $99,000. d. $131,000. e. $198,000. QN=2 A cash outflow from the company into its owner is called a(n): a. Liability. b. Withdrawal. c. Expense. d. Profit. e. Investment. QN=3 Liability created by purchasing goods and services on credit (tín dụng) are: a. Accounts payable. b. Accounts receivable. c. Liabilities. d. Expenses. e. Equit...

MBA Accounting Exam 1 Questions & Answers 2024/2025 Accounting - ANSWERSID, records, communicates economic events of an org to interested internal/external users GAAP - ANSWERSStandards accepted/universally practiced that indicate how to report economic events historical cost principle - ANSWERScompanies record assets at their cost fair value principle - ANSWERSassets/liabilities should be reported at fair value (the price received to sell an asset/settle a liability) monetary u...

Intermediate AccountiIntermediate Accounting - Exam 1 Questions and Answers 100% Verified Intermediate Accounting - Exam 1 Questions and Answers 100% Verified ng - Exam 1 Questions and Answers 100% Verified Intermediate Accounting - Exam 1 Questions and Answers 100% Verified Revenue Recognition, Expense Recognition, Mixed-Attribute Measurement, Full-Disclosure Principle - ANSWER-What are the four principles of accounting? Economic Entity Assumption, Going Concern Assumption, Perio...

4 accounting assumptions - going-concern assumption, monetary unit assumption, time period assumption, business entity assumption 4 basic cost flow assumptions - specific identification, first-in first-out (FIFO), last-in first-out (LIFO), weighted average 4 general accounting principles - measurement principle, revenue recognition principle, expense recognition principle, full disclosure principle 4 general purposes of financial statements - income statements, statement of retained earnin...

Intermediate Accounting (Volume 2) 8th Canadian Edition By Beechy, Davidson-Conrod, Farrell, McLeod-Dick, Tomulka EXAM WITH ACTUA NGN QUESTIONS AND VERIFIED WELL EXPLAINED 100% CORRECT ANSWER WITH RATIONALES GRADED A+ LATEST UPDATE 2025 WITH 100% GUARANTEED SUCCESS AFTER DOWNLOAD (ALL YOU NEED TO PASS YOUR EXAMS the ability to help users see similarities and differences among events and conditions Astro Turf Company recognizes an expense, cost of goods sold, in the period the product ...

Assets - Liabilities - Equity = _____ - 0 Original Value of an asset - Cost basis Business will continue to operate in the near future - Going Concern Principle we report in the stable monetary currency of the country - Monetary Unit Assumption owner's actions are different than the business and kept separate - Economic Entity Assumption