A flexible spending health care account

A)

permits you to increase premiums in order to purchase increased benefits.
B)

automatically adjusts premiums to reflect changes in health care costs.
C)

can pay for health insurance deductibles with pretax dollars.
D)

is funded through employer contributions.

C

Business

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A report showing the actual financial results for a period compared to the budgeted financial results for that same period would most likely be called a ________

A) strategic plan B) management forecast C) performance report D) revised plan

Business

If the cost of goods sold account appears in a company's trial balance, the company is using a perpetual inventory system

Indicate whether the statement is true or false

Business