When the Buyer Rejects Goods That Are Not Perishable, and the Seller

question 25

Multiple Choice

When the buyer rejects goods that are not perishable, and the seller does not give the buyer instructions concerning the disposal of the goods, the buyer:

• A) can resell the goods but cannot keep a commission on the sale.
• B) cannot reship the goods to the seller as it would break the contract.
• C) cannot resell the goods.
• D) can give the seller a reasonable time to remove the goods.

Recognize the role and application of external cause codes.

Understand the relationship between original conditions and subsequent complications or manifestations.

Determine the correct coding for specific scenarios including exposure, injury, and history coding.

Grasp the concept and importance of first-listed diagnosis and proper sequence in coding.

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Definitions:

Accounts Receivable

Customer debts to a company for the provision of services or delivery of goods not yet paid for.

Accounting Cycle

A series of steps taken in order to prepare financial statements, starting from transactions and ending with closing the books.

Post-closing Trial Balance

A financial statement that lists all accounts and their balances after closing entries have been made, usually the final step in the accounting cycle.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries from the end of the previous period.