True or False Joe, a well known plastic surgeon decides he would rather be golfing than perform surgery on his patient Missy's nose. As such, he delegates the job a colleague, Frank who is a highly respected foot doctor. Since Joe chose a competent medical profession to do Missy's nose, the delegation is a valid one.
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True or False
Joe, a well known plastic surgeon decides he would rather be golfing than perform surgery on his patient Missy's nose. As such, he delegates the job a colleague, Frank who is a highly respected foot doctor. Since Joe chose a competent medical profession to do Missy's nose, the delegation is a valid one.
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- Angel was in an accident and required cosmetic surgery for injuries to his nose. He also had the doctor do additional surgery to reshape his chin, which had not been injured. a. Will the cosmetic surgery to Ángel's nose qualify as a medical expense? b. Will the cosmetic surgery to Ángel's chin qualify as a medical expense?Rowe was admitted to the hospital suffering from a critical illness. He was given emergency treatment and later underwent surgery. On at least four occasions, Rowe’s two sons discussed with the hospital the payment for services it was to render. The first of these four conversations took place the day after Rowe was admitted. The sons informed the treating physician that their father had no financial means but that they themselves would pay for such services. During the other conversations, the sons authorized whatever treatment their father needed, assuring the hospital that they would pay for the services. After Rowe’s discharge, the hospital brought this action against the sons to recover the unpaid bill for the services rendered to their father. Are the sons’ promises to the hospital enforceable? Explain.Regarding a self-employed individual, which statement is true? (a) A primary care physician who decided to train in plastic surgery would not be able to deduct the cost of doing so. (b) An engineer could deduct the cost of going to law school as long as she disavows ever taking the bar exam – she’s going to law school only to learn about patent law (“Helpful in my engineering career!”). (c) A CPA who was tired of doing audit work and went back to UTD to take or retake every graduate tax course in order to begin shifting her practice toward tax work could deduct the cost of doing so. (d) None of the above statements is true.
- Nadine visits Urban Air, a trampoline park. Before Nadine can enter the trampoline park, Urban Air requires her to sign a release stating that Urban Air will not be held responsible for any injury of any kind that Nadine incurs while on Urban Air property, no matter what the cause of the injury is. While Nadine is jumping on a trampoline, her boyfriend Trevor joins her. Trevor’s ex-girlfriend Valarie, who is an Urban Air employee, becomes enraged and pushes Nadine off the trampoline. Nadine breaks an arm in the incident. Who can Nadine sue for her injuries? a) Urban Air only b) Nadine cannot sue anyone because she signed a release of liability form. c) Valarie and Urban Air Select correct answerAlice promised to give you a car if Mark will pass the CPA board examination. When Mark passed the said examination, Alice refused to give the car on the ground that the condition was a purely potestative one. Is Alice correct or not?Which of the following people would not be considered an “Other Member” (OM) for Code of ProfessionalConduct purposes? Group of answer choices a. Tim, who has his CPA license, but is currently unemployed and traveling around the country living off his savings. b. Bolt, who has his CPA license, but is trying out retirement to see if it suits him. c. Margot, who has her CPA license, but is unemployed as she is devoting most of her time topursuing a sexual harassment lawsuit against her previous firm. d. Ananya, who has her CPA license and is an internal auditor for Frisbye Corporation.
- Carmen had worked for Sparrow Corporation for thirty years when she died of a heart attack at age 60. She was practically penniless at the time of her death, owed a $12,000 hospital bill, and had a disabled spouse. The company was very concerned about its public image, and rather than run the risk of embarrassment from one of its long-term employees dying and leaving her spouse with insufficient means, the Board of Directors agreed to pay Carmen’s hospital bill and to give her spouse $6,000 per year for the rest of his life. Discuss both sides of the question whether Carmen (or her estate) and her spouse realize any taxable income from the above.Doc. Brown, MD got voluntary retirement at the age of 45 years from a renowned hospital. He was residing in a condo unit which is surrounded by a slum which is inhabited by economically weaker strata of the society. As the people in that area were not aware about importance of health care, a widespread ailment had been persistently prevailing. Doc. Brown, met with some of the well-off people of condominium and decided to open a clinic called MDontheHOUSE to provide them cost free medical assistance and make them aware about hygienic living, physical fitness, and economic balance diet. Many of the condo residents agreed to it. He approached health department of the town with his proposal which was accepted and an initial one time grant of $200,000 was given immediately for purchase of medical equipment and test kits for pathological tests. 10 members of the condo contributed $2,000 each as lifetime subscription to the clinic. Doc. Brown decided to charge $10 as one time registration…Jensen is the sole owner and operator of a small embroidering firm called “Stitch This” which designs and creates promotional goods for other businesses and sports teams. “Stitch This” has three employees who work under Jensen’s direction. Jensen is concerned that if he were to become disabled and unable to work for a period of time, not only would he lose his income, but his business may not be able to survive considering the ongoing operating expenses. Which of the following insurance policies would BEST address the needs of “Stitch This”?