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Betterway Hospital contracted with a local medical supply company to obtain medical supplies. A vendor account was not set up for the medical supplier. Unfortunately,
Betterway Hospital contracted with a local medical supply company to obtain medical supplies. A vendor account was not set up for the medical supplier. Unfortunately, the individual who sets up the vendor account was out for a week and the funds were routed to the food distribution department and not the nursing department. Correcting this would be an example of which generally accepted accounting principle? a. Going concern concept b. Materiality c. Matching d. Consistency
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