The Term Means Test Refers to

question 2

Multiple Choice

The term means test refers to

• A)the tax on a portion of the Social Security benefits of upper-income retirees.
• B)whether an applicant's income is low enough to qualify for public assistance.
• C)the mandatory physical examination that Medicare and Medicaid applicants must undergo before they can receive benefits.
• D)the mandatory psychological examination that Medicare and Medicaid applicants must undergo before they can receive benefits.
• E)None of these answers is correct.

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Definitions:

Financing Activities

These are transactions involving the flow of cash between a company and its owners and creditors. It includes issuing debt, repaying debt, stock sales, and stock repurchases.

Operating Activities

Activities that relate directly to the primary business operations of an organization, such as sales, provision of services, manufacturing of goods, etc.

Depreciation Expense

The allocation of an asset's cost over its useful life, representing the wear and tear, deterioration, or obsolescence of the asset.

Cash Flows

The total amount of money being transferred into and out of a business, particularly in terms of liquidity and financial planning.