To Qualify for Federal Matching Funds for the Medically Needy

question 99

Multiple Choice

To qualify for federal matching funds for the medically needy, states must include coverage for:

• A) pregnant women.
• B) the elderly.
• C) the blind.
• D) the disabled.

Recognize the different components that are included in the calculation of EPS.

Know the distinction between basic EPS and diluted EPS.

Understand the impact of corporate actions like bonus shares and share splits on the calculation of EPS.

Identify adjustments necessary for calculating diluted EPS.

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Definitions:

Obligor's Performance

The execution of duties or fulfillment of obligations by the party (obligor) that is bound by a contractual agreement to provide a service, payment, or benefit to another party.

Life Insurance

A contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

Proceeds

The amount of money or assets received from a transaction, sale, or event.

Beneficiary

An individual or entity entitled to benefits or proceeds from an insurance policy, trust, will, or other contracts.