Examlex
Which of the following helps explain why the U.S.government now allows dependent children up to age 26 to remain on their parents' health insurance?
Cash Basis
An accounting method where revenues and expenses are recorded when cash is received or paid, respectively.
External Reporting
The process of providing financial statements and other pertinent information to outside entities, such as investors, creditors, and regulatory agencies.
Profit Margin
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showing how much profit a company makes on sales.
Net Income
The sum a company holds as profit once it has subtracted expenses and taxes from its aggregate revenue.
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