Which Alternative Treatment Is Most Likely to Be Covered by Insurance

question 34

Multiple Choice

Which alternative treatment is most likely to be covered by insurance plans in the United States?

• A) chiropractic
• B) dietary supplements
• C) hypnotherapy
• D) tai chi classes

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Definitions:

Allowance for Doubtful Accounts

An estimation of the amount of accounts receivable that may not be collectible.

Uncollectible Receivables

Accounts receivable that a company does not expect to collect and writes off as a bad debt expense.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that may not be collected, which is considered a contra asset account.

Bad Debt Expense

The cost associated with accounts receivable that a company is unable to collect.