Which of the Following Statements Is False

question 4

Multiple Choice

Which of the following statements is false?

• A)Patients with dual coverage do not get to decide who is going to be the primary carrier.
• B)The primary carrier is always billed before the secondary carrier.
• C)The gender rule assigns primary coverage to the mother when secondary coverage for children is determined.
• D)The secondary insurance company will not pay more than the residual balance.

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Definitions:

Revenue Recognition

A principle within accounting that determines the specific conditions under which revenue is recognized or accounted for.

Overtime Wages

Additional pay granted to employees for hours worked beyond their standard scheduled hours.

Expensed

Recorded as an expense in the financial statements in the period in which it is incurred.

Statement

A formal record or document detailing financial activities or conditions, such as an income statement or balance sheet.