The Percentage of the Australian Population That Has PHI According

question 5

Multiple Choice

The percentage of the Australian population that has PHI according to the Australian Instituted of Health and Welfare has:

• A)risen from 31% in 1999 to 47% in 2017.
• B)risen from 20% in 1999 to 58% in 2017.
• C)risen from 15% in 1999 to 54.6% in 2017.
• D)declined since 1999.

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Definitions:

Prepaid Insurance

An asset account representing insurance premiums paid in advance, which are expensed as the insurance coverage pertains to future accounting periods.

Fees Earned

Revenue generated from professional services provided to clients.

Insurance Expense

The cost incurred by a business for obtaining insurance coverage against risks, reflected as a periodical premium payment in financial statements.

Credit

The provision of resources (like money) by one party to another, with the expectation of repayment or return in the future.