Methods Included in Recent Health Care Reform Bills Include Each

question 7

Multiple Choice

Methods included in recent health care reform bills include each of the following methods except

• A)Children can now stay on parents' health insurance plans until age 26 rather than age 19 or when they finish college
• B)Small businesses have access to tax credits to help them provide health insurance for their employees
• C)Health insurance companies are allowed to screen applicants for preexisting conditions
• D)Health insurance companies are prohibited from ending coverage when people get sick

Master the classification and reporting of assets and liabilities in financial statements.

Identify components of the statement of owner's equity and the process for its preparation.

Be familiar with fundamental accounting system elements such as the chart of accounts, journal, and ledger.

Understand the structure and purpose of the classified balance sheet and its components.