Mike Contracted with Kram Company,Mike's Controlled Corporation

question 42

Multiple Choice

Mike contracted with Kram Company,Mike's controlled corporation.Mike was a medical doctor and the contract provided that he would work exclusively for the corporation.No other doctor worked for the corporation.The corporation contracted to perform an operation for Rosa for $2,400.The corporation paid Mike $2,000 to perform the operation under the terms of his employment contract.

• A)Mike's gross income is $2,000.
• B)Mike must recognize the $2,400 gross income because he provided the service.
• C)Mike must recognize $2,400 gross income since the patient obviously wanted him to perform the operation.
• D)The Kram Company corporation's gross income is $400.
• E)None of the above.

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Definitions:

Nursing Diagnosis

An evaluation by health professionals about how individuals, families, or communities are responding to actual or potential issues related to their health or life situations.

Severely Confused

A state of extreme disorientation and lack of clarity in thought and comprehension, often signaling an underlying health issue.

Clinical Inferences

The conclusions or judgments that healthcare professionals make based on clinical data, observations, and patient information.

Appendectomy

A surgical procedure to remove the appendix when it is inflamed or infected.