In 2013, the Average Child Who Was Eligible for Medicaid

question 12

Multiple Choice

In 2013, the average child who was eligible for Medicaid cost the government

• A)$938.
• B)$2,807.
• C)$4,211.
• D)more than the average cost of all Medicaid recipients.

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Definitions:

Line-by-Line Method

An approach in preparing consolidated financial statements where the income and expense items of the parent and subsidiary are added together line by line.

Proportionate Consolidation

A method of accounting where a parent company includes its share of the subsidiaries' revenues, expenses, assets, and liabilities in its financial statements proportionately.

Line-by-Line Method

A method of consolidation where the parent company's and its subsidiaries' financial statements items are added together line by line.