Which of the Following Would Be Classed as a Large

question 44

Multiple Choice

Which of the following would be classed as a large employer under the Patient Protection and Affordable Care Act?

• A)An employer with 50 full-time employees
• B)An employer with 25 full-time employees and 25 part-time employees working 29 hours per week
• C)An employer with 15 full-time employees and 25 part-time employees working 29 hours per week
• D)A & B

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Definitions:

Financial Reporting

The act of creating disclosures that inform management, investors, and government bodies of a company's financial position.

Comprehensive Income

The total change in equity for a reporting period, including all revenues, gains, expenses, and losses.

Financial Flexibility

The ability of a firm to adapt its capital structure or operations to cope with financial challenges or to seize investment opportunities.

Objectives of Financial Reporting

The goals intended to be achieved through the disclosure of financial information, including providing insight into a company's financial health for decision-making purposes.