Which of the Following Is Not Part of the "Individual

question 235

Multiple Choice

Which of the following is not part of the "individual mandate" provision of the Patient Protection and Affordable Care Act (ACA) ?

• A)Individuals are allowed to opt out of the insurance program if they can prove they have no serious health issues.
• B)In 2016,fines for not having health insurance are the greater of $695 per person or 2.5 percent of income.
• C)Individuals who do not acquire health insurance will be subject to a fine.
• D)With limited exceptions,every resident of the United States is required to have health insurance that meets certain basic requirements.

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Definitions:

Stock Dividends

A form of dividend payment made by a corporation to its shareholders in the form of additional shares, rather than cash.

Stock Splits

An action by a company to divide its existing shares into multiple shares to boost the liquidity of the shares.

Cash Flow Statement

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, and all cash outflows that pay for business activities and investments during a given period.

IFRS

International Financial Reporting Standards, which are a set of accounting rules followed by companies across the globe for maintaining their financial statements.