What Conclusion Can Be Drawn in a Comparison of Hospital

question 6

Multiple Choice

What conclusion can be drawn in a comparison of hospital costs with home care costs for ventilator-dependent children?

• A)Hospital costs are about the same as home care costs.
• B)Hospital care is less expensive than home care.
• C)Hospital care is more expensive than home care.
• D)Hospital care is less expensive if one of the parents is not in the labor market.

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Definitions:

Trial Balance

A financial statement that lists the balances of all ledgers accounts to ensure that debits equal credits.

Transaction Recorded

The act of documenting a business transaction in the company's accounting records.

Debit

A debit is an accounting entry that results in either an increase in assets or a decrease in liabilities on a company's balance sheet, or in the context of personal banking, a withdrawal from an account.

Credit

An accounting entry reflecting an increase in assets or decrease in liabilities on a company's balance sheet or an entry on the right side of an account.