Examlex
Give two examples of means-tested programs and two examples of social insurance programs.
Balance Sheet
A financial summary that captures the essence of a company’s assets, debts, and the share of equity belonging to investors at a given time.
Incurred
To suffer or become subject to an obligation, usually a cost or expense, as a result of one's actions or the operation of a business.
Accrual Accounting
A financial recording technique that logs income and expenditures at the time they are accrued or incurred, irrespective of the actual cash flow timing.
Net Income
The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenues.
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