Which of the Following Modifiers Indicates a Professional Component and Is

question 8

Multiple Choice

Which of the following modifiers indicates a professional component and is used when a separate technician performs the service but the provider reviews the report and makes an accurate diagnosis?

• A) -50
• B) -62
• C) -26
• D) -RT, -LT

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Definitions:

Physical Count

The process of manually counting all inventory items in a store or warehouse to verify quantities and condition.

Cost of Goods Sold

The costs directly resulting from the creation of products a company sells, including expenses related to materials and labor.

Gross Profit

The financial metric that represents the difference between sales revenue and the cost of goods sold.

LIFO Inventory Method

An accounting technique where the most recently acquired items of inventory are recorded as sold first, often used to calculate cost of goods sold and ending inventory.