Which of the Following Statements Is Most True Regarding HIPAA

question 15

Multiple Choice

Which of the following statements is most true regarding HIPAA regulations and documentation?

• A) HIPAA regulations made keeping more than one set of notes illegal.
• B) HIPAA regulations distinguished between progress and psychotherapy notes, opening the opportunity for counselors to keep both.
• C) HIPAA distinguished psychotherapy notes as the "official" medical file.
• D) HIPAA distinguished progress notes as the "official" medical file.

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Definitions:

Loss On Realization

The financial loss recognized when assets are sold for less than their carrying amount during the liquidation of a company.

Capital Balances

The amount of money that members or partners have invested in a business, reflecting their ownership interest.

Noncash Assets

Assets owned by a business or individual that are not in the form of cash but can be converted into cash within a year, such as inventory, bonds, or property.

Capital Account

An account showing the net worth of a business, influenced by owner's contributions, withdrawals, and the business's earnings or losses.