The preexisting conditions clause in a health insurance policy
A)
ensures that illness that occurred before coverage began will be covered by the policy.
B)
ensures that injures that occurred before coverage began will be covered by the policy.
C)
ensures that both illnesses and injuries that occurred before the coverage began will be covered by the policy.
D)
excludes from coverage certain types of injuries and illnesses that began before the policy was issued.
D
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Leonard Manufacturing Systems uses job order costing and a perpetual inventory system. When recording the sale of a job, which account(s) is(are) debited?
What will be an ideal response?
Which of the following entities would have a paid-in capital in excess of par (or stated) value account in the equity section of the balance sheet?
A. A corporation. B. A municipality. C. A partnership. D. A sole proprietorship.
Which of the following is a correct statement of one of the rules for converting net income to the cash flow from operating activities using the indirect method?
A. Decreases in current assets are subtracted from net income. B. All noncash expenses and losses are subtracted from net income. C. Increases in current assets are added to net income. D. Increases in current liabilities are added to net income.
An app for the iPhone that includes voice directions for a built-in GPS system can be helpful in finding a motel that is "off the beaten track." What is the primary economic need being satisfied by this app?
A. dependability in use B. convenience C. improvement of earnings D. efficiency in use E. economy of purchase