The book value of a dental practice is $400,000. The dental practice was sold for $480,000. The additional $80,000 is recorded on the books as ____.
A. an intangible asset
B. investment income
C. accumulated appreciation
D. goodwill
Answer: D
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Indicate whether the statement is true or false
Identify the correct order of payment when Medicare and TRICARE for Life coverage exist.
A. Medicare pays first, and TRICARE pays the remaining out-of-pocket expenses. B. The order is not important, either TRICARE or Medicare may pay first. C. TRICARE pays first, and Medicare pays the remaining out-of-pocket expenses. D. None of these are correct; an individual cannot have Medicare and TRICARE for Life coverage.
For category S52, the 7th character K reports _____
a. initial encounter for closed fracture b. initial encounter for open fracture c. subsequent encounter for closed fracture with nonunion d. subsequent encounter for closed fracture with routine healing
Define life expectancy and life span.
What will be an ideal response?