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Claims That Have Errors or Omissions That Must Be Corrected

question 26

Multiple Choice

Claims that have errors or omissions that must be corrected and resubmitted to receive reimbursement are called _____________ claims.


Definitions:

Corporate Dividend

Payments made by a corporation to its shareholders out of the company's profits or reserves.

Earnings Announcements

A public statement released by a company detailing its profits, losses, and financial performance for a specific period.

Insider Trading

Trading by officers, directors, major stockholders, or others who hold private inside information allowing them to benefit from buying or selling stock.

Tax Evasion

The illegal practice of not paying taxes by not reporting income, reporting expenses not legally allowed, or by not paying taxes owed.

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