Which of the Following Sections Uses the Code Range Between

question 32

Multiple Choice

Which of the following sections uses the code range between 70000 and 79999?

• A) Anesthesia section
• B) Surgery section
• C) Radiology section
• D) Pathology section
• E) Medicine section

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Definitions:

Contingencies

Conditions or events with uncertain outcomes that may represent potential liabilities and are recorded in financial statements if they are probable and estimable.

Sick Pay Policy

A company's formal plan detailing the compensation employees receive when they are unable to work due to illness.

Vacation Pay

This refers to the compensation employees are entitled to receive for days they are on vacation and not working.

Accrual

Accrual accounting records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.