Which of These Services Is Covered for Older Adults Enrolled

question 6

Multiple Choice

Which of these services is covered for older adults enrolled in Medicare?

• A)routine medical checkups and related tests
• B)home health care requiring skilled personnel
• C)eye and hearing tests
• D)routine dental care

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Definitions:

Deferral

Recognition of revenue or expenses in a period different from when the transaction actually occurred, usually related to prepaid expenses or unearned revenue.

Recognition

Recognition in accounting refers to the formal acknowledgment of a transaction or event in the financial statements, often involving the recording of revenue or expense.

Expense

Costs incurred by a business in the process of earning revenues.

Deferral Adjusting Entry

An accounting entry made to defer revenue or expense to a future period.