A Patient Who Has Dental Coverage Under More Than One

question 21

Multiple Choice

A patient who has dental coverage under more than one dental plan has:

• A)primary coverage insurance.
• B)dual coverage.
• C)an alternative benefit policy.
• D)both a and b.

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Definitions:

IFRS

International Financial Reporting Standards - a set of accounting guidelines that provide the basis for cross-border financial reporting.

Specific Identification

An inventory valuation method in which the cost of each specific item in inventory is tracked and used to calculate cost of goods sold.

LIFO

Last In, First Out, a method of inventory accounting where items produced last are considered the first to be sold.

FIFO

FIFO, or First-In, First-Out, is an inventory valuation method where goods first added to inventory are the first to be sold.