A physician's office practice buys exam room supplies that cost $900. If the practice failed and the supplies were sold at auction, they would bring in only $600. The accountant correctly values the supplies at $900 because of the ____________________ concept.

Fill in the blank(s) with the appropriate word(s).


going concern

Health Professions

You might also like to view...

Diagnostica Stago coagulation instruments are based on what clot detection principle?

a. Photo-optical b. Mechanical c. Chromogenic d. Nephelometric

Health Professions

Approximately what percent of ICD-10-CM codes include a designation for laterality?

A) 25 B) 40 C) 28 D) 32

Health Professions

Which of the following CPT codes indicates the highest level of specificity available for an esophagogastroduodenoscopy, flexible, transoral; with directed placement of percutaneous gastrostomy tube?

A. 43246 B. 432468 C. 432 D. 4324

Health Professions

Which of the following is the first priority in caring for a patient with a severe head injury?

A. Maintain the patient's airway B. Apply ice immediately after the injury C. Wash the area with soap and water and cover it with a dressing D. Apply direct pressure to stop bleeding E. Educate the patient on how to prevent future head injuries

Health Professions