Retained Earnings Is

question 45

Multiple Choice

Retained earnings is

• A)the stockholders' claim on total assets.
• B)equal to cash.
• C)equal to revenues.
• D)the amount of net income kept in the corporation for future use.

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Definitions:

Medical Provider

An individual or institution that offers healthcare services to patients.

Primary Payer

The insurance policy or program that pays first on a claim for medical care, determining the extent of coverage before any secondary payer contributes.

Employer-provided Insurance

Health insurance coverage provided to employees (and often their families) as part of an employment benefit package.

Birthday Rule

A rule that states that the insurance policy of a policyholder whose birthday comes first in the year is the primary payer for all dependents.