All of the Following Are Examples of Specialized Health-Related Insurance

question 39

Multiple Choice

All of the following are examples of specialized health-related insurance plans EXCEPT ________.

• A) dental insurance
• B) vision insurance
• C) managed care insurance
• D) mental health insurance

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Definitions:

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.

Valuation Allowance

Valuation Allowance is an accounting procedure that reduces the value of a deferred tax asset if it is unlikely that the business will use the tax asset in the future.

Deferred Tax Asset

A tax reduction amount that can be used to offset future tax liabilities.

Income Tax Rate

The fraction of income that individuals or businesses must pay as taxes.