Which Form Is Also Known as the UB-40 Form

question 25

Multiple Choice

Which form is also known as the UB-40 form?

• A) CMS-1450
• B) CMS-1500
• C) Explanation of Benefits (EOB) form
• D) FCC Form 159-C

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Definitions:

Intra-Entity Transactions

Transactions that occur between entities within the same parent company, which may need to be eliminated in consolidated financial statements.

Straight-Line Deprecation

A method of calculating the depreciation of an asset, where the cost is evenly spread over its useful life.

Intra-Entity Transfer

Refers to the movement of goods, services, or funds between different departments or units of the same organization.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset, reflecting its reduction in value over time.