HRAs,also Known as "Health Reimbursement Accounts," Are a Type of Healthcare

question 32

True/False

HRAs,also known as "health reimbursement accounts," are a type of healthcare plan that reimburses employees for certain qualifying medical expenses.

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Definitions:

Stock

Stock represents ownership shares in a corporation, giving holders a claim on part of the company's assets and earnings.

Bond Payable

A recorded obligation indicating a company must repay a borrowed sum at a set interest rate by a specified date.

Accounts Payable

Liabilities or amounts owed by a business to its creditors for goods and services that have been received but not yet paid for.

Accounts Receivable

Financial obligations of customers to a firm for items or services rendered but not yet compensated.