Congressman Brown supports pre-existing conditions protections introduced by the Affordable Care Act. These protections force insurers to cover health problems arising from pre-existing conditions, and forbid them from charging people with such health conditions higher prices for insurance. However he opposes the subsidies since they are too costly for the government. He supports repealing the ACA and re- introducing pre-existing condition protection using new legislation. What do you think might happen if he was successful?

Following are the transactions for valdez services. the company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. the company paid $1,200 cash for the just completed two-week salary of the receptionist. the company paid $39,000 cash for equipment purchased. the company paid $800 cash for this month’s utilities. the company paid $4,500 cash in dividends to the owner (sole shareholder). examine the above transactions and identify those that create expenses for valdez services. prepare general journal entries to record those transactions that created expenses in the above given order.

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

Why has the free enterprise system been modified to include some government intervention?