In Cases of Fraudulent Billing

question 25

Multiple Choice

In cases of fraudulent billing:

• A) only the physician can be held liable.
• B) the physician can never be held liable.
• C) the medical office specialist can be held liable.
• D) the medical office specialist can never be held liable.

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Definitions:

Equity Method

The equity method is an accounting technique used to record investments in associate companies where the investor has significant influence but not full control.

Common Stock

A type of equity security that represents ownership in a corporation, with holders having a claim on the company's assets and earnings.

Net Income

The total earnings of a company after subtracting all expenses from its total revenues.

Equity Method

An accounting technique used to record investments in associate companies, where the investment is initially recorded at cost and adjusted thereafter for the post-acquisition change in the investor’s share of the associate’s net assets.