Which of the Following Is NOT a True Statement About

question 5

Multiple Choice

Which of the following is NOT a true statement about a computerized accounting system?

• A)Can be customized to the individual care setting  
• B)Replaces all other systems immediately  
• C)Can include the most common procedure and diagnostic codes  
• D)Automatically creates day-end summaries

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Definitions:

Acquisition Method

A set of accounting procedures used during a merger or acquisition to consolidate the financial statements of both companies into a single set of financials.

Goodwill

An intangible asset that arises when a company is purchased for more than the value of its net tangible assets, often related to reputation or brand.

Fair Value

An estimate of the market value of an asset or liability, based on current prices in an orderly transaction between market participants at the measurement date.

Pre-Acquisition Subsidiary Revenues

Revenues generated by a subsidiary prior to being acquired by a parent company.