Category I CPT Codes Are Used to Describe a Procedure

question 74

True/False

Category I CPT codes are used to describe a procedure or service; in the code book, they are identified with a five-digit numeric code and descriptor.

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Definitions:

Deferred Gain

A gain resulting from a business transaction that is recognized in financial statements in a period subsequent to the transaction.

Pension Expense

The total amount a business reports on its financial statements for contributions to pension plans for its employees.

Service Cost

The actual cost incurred to provide a service, including labor, materials, and overhead expenses.

Cumulative Unrecognized

Accumulated amounts of certain expenses or revenues that have not yet been recognized in a company's financial statements.