Expenses That Have Been Incurred and Recognized on the Income

question 61

True/False

Expenses that have been incurred and recognized on the income statement but not yet paid are accrued liabilities.

---

Definitions:

Objective

Something that one's efforts or actions are intended to attain or accomplish; a purpose or goal.

Ethical Coding

The practice of coding in a manner that is morally right and fair, ensuring reliability and integrity in data representation.

Upcoding

Using a code on a claim form that indicates a higher level of service, or a more severe aspect of disease or injury, than that which was actual and true.

American Health Information Management Association

A professional association for health information professionals involved in the management of medical records and healthcare information.