Lanier Tech This Company Was Incorporated as a New Business on January

question 205

Multiple Choice

Lanier Tech
This company was incorporated as a new business on January 1, 2019. The company is authorized to issue 50,000 shares of $5 par common stock and 10,000 shares of 6%, $10 par, cumulative, participating preferred stock. On January 1, 2019, the company issued 8,000 shares of the common stock for $15 per share and 2,000 share of the preferred stock for $30 per share. Net income for the year ended December 31, 2019 was $375,000.
-Refer to Lanier Tech. What is the amount of the company's total capital stock at December 31, 2019?

• A)$ 60,000
• B)$120,000
• C)$180,000
• D)$350,000

Identify and describe practices related to medical billing, such as coding for multiple procedures and the impact of incorrect coding.

Recognize the definitions and applications of specific types of care, including consultation, critical care, and concurrent care.

Learn the criteria for coding and billing consultation services according to the 3Rs: Request, Review, and Report.

Understand the misuse of coding, specifically practices like upcoding and its implications.

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