Match Each Term with Its Definition

question 35

Multiple Choice

Match each term with its definition.
-Limits the amount a hospital can be paid based on the diagnosis,irrespective of any complications that may develop

• A)trimester test
• B)diagnosis-related groups (DRGs)
• C)capitated payment
• D)creed

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Definitions:

Expenses

Costs incurred in the process of generating revenue, typically categorized as operational costs like rent, salaries, and utilities.

Withdrawals

Funds taken out from a business by the owner(s) for personal use, affecting the owner's equity account.

Owner's Equity Statement

A financial document that details the changes in the owner’s equity of a business over a period of time, including investments, withdrawals, and net income.

Worksheet

A document used by accountants to organize and summarize financial information for the preparation of financial statements.