1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LenKa [72]
1 year ago
10

a hospital has not insured itself for malpractice claims with a third-party insurer. which of the following statements best expr

esses the general rule regarding the reporting of liabilities for malpractice claims on the face of the balance sheet? select one: a. they should be reported only to the extent that judgments and settlements are due and payable. b. they should be reported if it is highly likely that the disputes ultimately will be resolved in favor of the claimants. c. outstanding claims should be described in the notes to the statements; adjudicated and settled claims should be reported if they have not been paid d. they should be reported if it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated.
Business
1 answer:
Over [174]1 year ago
5 0

They should be reported if a loss is likely to have occurred and the amount of the loss may be fairly anticipated expresses the general rule regarding the reporting of liabilities for malpractice claims on the face of the balance sheet.

<h3>How should malpractice claims be handled?</h3>

Entities must recognize liability for the projected total expenses of medical malpractice at the time the occurrence possibly leading to a claim occurs, according to FASB ASC 954-450-25-2. An estimate of this type should be collected as a gross sum, not reduced by prospective insurance reimbursements. Recognizing that you are an imperfect human being who will make mistakes will help you lessen your chances of causing injury and being successfully sued. Begin with effective risk management, based on the old adage of the four Cs: compassion, communication, competence, and charting.

To know more about malpractices visit:

brainly.com/question/20226872

#SPJ4

You might be interested in
Suppose you invested $58 in the Ishares Dividend Stock Fund​ (DVY) a month ago. It paid a dividend of $0.65 today and then you s
Dmitry [639]

Answer:

18.36%

Explanation:

Calculation for the return on the​ investment?

Using this formula

Return on investment = Net profit/Cost of Investment

The first step is to find the net profit using this formula

Net profit =( Sales amount +Dividend)-Dividend Stock Fund Investment

Let plug in the formula

Net profit = ($68 + $0.65) - $58 =

Net profit= $68.65-$58

Net profit= $10.65

Now let calculate the return on investment

Using this formula

Return on investment = Net profit/Cost of Investment

Let plug in the formula

Return on investment=$10.65/58

Return on investment= 18.36%

Therefore the return on the investment will be 18.36%

8 0
3 years ago
Look at the following data: durable goods = $200 billion; nondurable goods = $350 billion; services = $600 billion; fixed invest
Jet001 [13]

Answer:

The answer is $1,701 billion

Explanation:

Gross Domestic Product (GDP) is the cumulative (total) market value of the final outputs (goods and services) produced within an economy(country) during a given period of time usually a year.

GDP = C + I + G + (X - M)

where C - expenditure by households or consumers

I - investments by businesses or firms

G - expenditure from the government

X - exports from the country

M - imports into the country

Total consumers' expenditure is:

durable goods = $200 billion;

nondurable goods = $350 billion; services = $600 billion

Total. $1,150 billion

Total business investment is $200billion

Therefore, GDP is

$1,150 + $200 + $400 + ($30 - $79)

=$1750 - $49

= $1,701 billion

6 0
3 years ago
Stock Y has a beta of 1.30 and an expected return of 14.9 percent. Stock Z has a beta of .95 and an expected return of 12.8 perc
Sever21 [200]

Answer:

Stock Y is overvalued and Stock Z is undervalued.

Explanation:

The stock is fairly valued when the required rate of return on the stock is equal to its expected return. If the expected return on the stock is more than the required rate of return, the stock is undervalued and vice versa.

The required rate of return on the stock is calculated under the CAPM approach suing the following formula.

r = rRF + Beta * rpM

Where,

  • rRf is the risk free rate
  • rpM is the risk premium on market

r of Stock Y = 0.052 + 1.3 * 0.077  =  0.1521 or 15.21%

The required rate of return of Stock Y (15.21%) is more than its expected rate (14.9%) which means the stock is overvalued.

r of Stock Z = 0.052 + 0.95 * 0.077 = 0.12515 or 12.515%

The required rate of return of Stock Z (12.515%) is less than its expected rate (12.8%) which means the stock is undervalued.

6 0
3 years ago
Franchising is a contractual agreement between a firm, the franchisor, and another firm or individual, known as the ______.
xxTIMURxx [149]

Franchising is a contractual agreement between a firm, the franchisor, and another firm or individual, known as the franchisee.

8 0
3 years ago
During December, Far West Services makes a $3,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
AlexFokin [52]

Answer and Explanation:

The journal entry for the recording of sales and sales tax payable is shown below:

Accounts Receivable $3,472  

           To Sales  $3,200

           To Sales tax payable $192   ($3,200 × 6%)

            To Local tax payable $80     ($3,200 × 2.5%)

(Being the sales and sales tax payable is recorded)

For recording this we debited the account receivable as it increased the asset and credited the sales, sales tax and local tax as it increased the revenue and liabilities

6 0
3 years ago
Other questions:
  • A technician is talking to end users about the specifications for an upgraded application server. The users of the application r
    9·1 answer
  • Baldwin's turnover rate for this year is 6.27%. This rate is projected to remain the same next year and no further downsizing wi
    7·1 answer
  • What is the south Atlantic system
    8·1 answer
  • A middlee-class customer base in a region is most concerned with quality and prive of products. Which of the following would be
    11·1 answer
  • Suppose an industry has a four-firm concentration ratio of 20 percent and a Herfindahl index of 600. According to the cartel mod
    6·1 answer
  • 5. In a command economy, poor planning is likely to lead to (1 point)
    15·1 answer
  • Inflation is 14 percent. Debt is $4 trillion. The nominal deficit is $360 billion. What is the real deficit or surplus
    15·1 answer
  • Waldman Corporation reported pretax accounting income of $100,000, but due to a permanent difference, taxable income is only $60
    5·1 answer
  • Metro Event Planning Services collects fees from its customers in advance. On January​ 1, 2019, the balance of its Unearned Reve
    5·1 answer
  • AAA Industries’ most recent balance sheet shows (in thousands of dollars) $200 cash, $400 marketable securities, $600 accounts r
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!