A Husband and Wife Are Both Employed and Have Work-Sponsored

question 43

Multiple Choice

A husband and wife are both employed and have work-sponsored insurance plans that cover each other and their three children. Which insurance plan is the primary payer?

• A) The husband's insurance plan, because he makes more money
• B) The insurance plan of the person whose birthday comes first in the calendar year
• C) The wife's insurance plan, because it has the most comprehensive coverage
• D) Whichever the husband and wife want to declare as primary
• E) The insurance plan of the person whose policy went into effect first

Recognize the contributions of significant historical figures and dynasties to the cultural development in South and Southeast Asia.

Gain insights into the technology, trade, and materials used in the creation of art and architecture in ancient South and Southeast Asia.

Understand and apply the process of setting up a new QuickBooks data file for an existing company.

Identify and utilize QuickBooks lists and forms appropriately for business operations.

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Definitions:

Gross Margin

The difference between revenue and cost of goods sold, expressed as a percentage of revenue.

Non-Controlling Interest

The portion of equity in a subsidiary not attributable directly or indirectly to the parent company, also known as minority interest.

Voting Shares

Shares of stock that grant the holder the right to vote on corporate matters.

Cost Method

Accounting for investments where the investor does not exercise significant influence, recording the investment at initial cost and recognizing income only when dividends are received.