Which of the Following Expenses Are Likely to Satisfy the Definition

question 14

Multiple Choice

Which of the following expenses are likely to satisfy the definition of an asset,and hence may be capitalised as an intangible asset?

• A) expenses incurred to develop a brand name
• B) advertising expenses
• C) research expenses
• D) none of the given answers

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Definitions:

Date of Service

The specific day when a healthcare provider performed a service or treatment for a patient.

Insurance Adjustment

The process by which insurance claims are reviewed and settled, including the calculation of reimbursement amounts.

Secondary Insurance

Exists when a patient is covered under more than one insurance plan; charges are first submitted to the primary carrier, and any charges not covered are then submitted to the secondary carrier.

Error on Claim Form

An error on a claim form refers to mistakes or inaccuracies found on insurance claim documents, which can lead to delays or denials in payment.