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Betty presents today with vision difficulty. After an examination, Betty is diagnosed with hypertensive retinopathy of the right eye. The coder should assign codes:
LIFO
"Last In, First Out," an inventory valuation method where the most recently produced or purchased items are the first to be expensed.
Absorption Costing
A costing method where all manufacturing costs including both direct costs like labor and materials and indirect costs like overhead are allocated to the product.
Variable Costing
An accounting method that only considers variable costs in the calculation of product or service costs, excluding fixed costs.
Net Operating Income
The profit a company makes from its regular business operations, excluding non-operating income and expenses.
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