The law that requires an extension of health insurance benefits after termination is the
A. Health Insurance Portability and Accountability Act (HIPAA)
B. Social Security Act
C. Consolidated Omnibus Budget Reconciliation Act (COBRA)
D. Occupational Safety and Health Act
E. Civil Rights Act
C. Consolidated Omnibus Budget Reconciliation Act (COBRA)
The Consolidated Omnibus Budget Reconciliation Act (COBRA) requires an extension of health insurance benefits after termination.
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The following statements pertain to recording transactions. Which of them are true?I. Total debits should equal total credits.II. It is possible to have multiple debits or credits in one journal entry.III. Assets are always listed first in journal entries.IV. Some journal entries will have debits only.
A. II, III, and IV. B. I and II. C. I, II, and IV. D. I only.
Apple has a clear design philosophy it calls "Design 3.0" and an internal design slogan, "Make it Meaningful," that reflects its relentless focus on making beautiful and intuitive products that will be integrated into customers' lifest
Indicate whether the statement is true or false
On July 1 . Toucan Corporation, a calendar-year company, received a condemnation award of $150,000 as compensation for the forced sale of a plant located on company property that stood in the path of a new highway. On this date, the plant building had a depreciated cost of $75,000 and the land cost was $25,000 . On October 1 . Toucan purchased a parcel of land for a new plant site at a cost of
$62,500 . Ignoring income taxes, Toucan should report in its income statement for the year ended December 31 a gain of a. $0. b. $12,500. c. $37,500. d. $50,000.
Salespeople usually file routing reports weekly.
Answer the following statement true (T) or false (F)