The federal law that allows you to continue health insurance coverage through your former employer's plan for 18 months after you stop work is
A) HIPAA.
B) COBRA.
C) Social Security.
D) Medicare.
Answer: B
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What will be an ideal response?
Retained earnings are net profits minus dividend payments to stockholders
Indicate whether the statement is true or false.
All of the following payments for medical items are deductible with the exception of the payment for
A. nonprescription medicine for treatment of a specific medical condition. B. insulin. C. general appointment for teeth cleaning. D. acupuncture for specific medical purposes.
How many of the following items are found on the balance sheet, rather than the income statement?
Accounts receivable Retained earnings Income tax expense Accrued payable Cash Selling and administrative expenses Plant and equipment Operating expense Marketable securities Interest expense A) Three of these items are found on the balance sheet. B) Four of these items are found on the balance sheet. C) Five of these items are found on the balance sheet. D) Six of these items are found on the balance sheet.