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Problem - Gary Tuttle has Citiwide Insurance with 100% coverage after a $25.00 copay on office visits. His services today include an office visit ($62.00), urinalysis with differential ($65.00) and a Treadmill ECG ($155.00), which were billed to his insurance company. The insurance approved/allowed $255.00 and paid 100% of the approved/allowed amount minus the copay already paid by the patient; answer the following:
1. How much is the copay?
2. How much is adjusted?
3. How much is the payment from the insurance company?
As of December 31, 20x4, Trask had 4,000,000 authorized shares of $5 par value common stock – 1,575,000 shares had been issued, of this 75,000 were held in the treasury. The treasury shares were accounted for using the cost method. Prepare all journa..
Cole Inc., a new company, purchases a two-year insurance policy for $12,000. Six months later, the correct balance in the prepaid insurance account would be _______________. Which of the following is not an advantage of the corporate form of organiza..
Using the preceding data, what is the pension expense for the year 2020? As part of your solution, what should be on a pension worksheet
Ken Tremont and Tucker Bailey began a new consulting business on January? 1, 2015 . They organized the business as a C? corporation, KT, Inc. During 2015 ?, the corporation was successful and generated revenues of $ 1 comma 350,000 . KT had operating..
Consolidated financial statements were prepared for 2011. Illustrate what adjustment would have been required for the retained earnings balance as of January 1, 2011?
The other sheet shows known shrinkages identified during the period. This sheet shows $3,250.00. Neither of these sheets has been journalized. Identify the unknown, and previously unidentified shrinkage value.
Assuming the appropriate rate of interest is 9.5%. What is the present value of payments? (Use 4 decimal points for the Time value Factor)
ABC Company enters into a lease on a tract of timberland. The lease is for 10 years and allows ABC to harvest timber from the tract for that period of time. A clause in the lease allows the lessor to require ABC to reforest the land prior to the end ..
How would the error affect the company's 2009 income statement and balance sheet and show the payment for the one-year lease and the related adjusting entry
Lebron received $50,000 of compensation from his employer and he received $400 interest from a municipal bond. Illustrate what is the amount of Lebron's gross income from these items?
Prepare NCI Memorandum Account to calculate the total non- controlling interest in consolidated profit after tax for the year ended 31 December 2016
Identify at least four examples of the types of costs that likely explain the wide range of shoe selling prices. Be sure to justify your responses, not just show a listing of costs.
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