Match the Description in the Left Column with One of the Two

question 55

Multiple Choice

Match the description in the left column with one of the two programs in the right column. The same letter may be used more than once.
-​Excludes most prescription drugs, regular dental care, and nursing home care (except skilled nursing care)

• A)Medicaid
• B)Medicare

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Definitions:

Revenue

The aggregate financial gain realized through the sale of products or services that constitute a firm's principal business activities.

Expenses

Costs incurred by a business in the process of earning revenue.

Accounts Payable

Amounts owed by a company to suppliers or vendors for goods or services received that have not yet been paid for.

Accounts Receivable

Accounts receivable represents the money owed to a company by its customers for goods or services that have been delivered or used, but not yet paid for.