AHIP Exam AHM-520 Topic 4 Question 64 Discussion

Actual exam question for AHIP's AHM-520 exam

Question #: 64
Topic #: 4

The McGwire Health Plan is a for-profit health plan that issues stock. Events that will cause the owners' equity account of McGwire to change include

AMcGwire's retention of net income

BMcGwire's payment of cash dividends on the stock it issued

CMcGwire's purchase of treasury stock

DAll of the above

Show Suggested Answer

Suggested Answer: C

by Gertude at Jan 07, 2023, 04:22 PM

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Rusty

2 months ago

Haha, D all the way! McGwire's owners must be some real go-getters, always up to something that's gonna shake up that balance sheet.

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Adria

24 days ago

D) All of the above

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Mari

26 days ago

C) McGwire's purchase of treasury stock

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Penney

1 months ago

B) McGwire's payment of cash dividends on the stock it issued

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Robt

1 months ago

A) McGwire's retention of net income

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Xenia

2 months ago

D, of course! I mean, it's not like McGwire's owners are going to be sitting around watching paint dry, right? They're gonna be making moves that impact that equity account for sure.

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Cherry

2 months ago

Ah, the joys of corporate accounting. I feel like I've seen this kind of question before. Let me think... Yep, D is the way to go.

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Gretchen

6 days ago

Definitely D, it covers all the bases for changes in owners' equity.

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Ona

9 days ago

I think D is the best choice too, it covers all the possible scenarios.

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Novella

20 days ago

Yeah, D makes sense because all those events would impact the owners' equity account.

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Galen

1 months ago

Definitely, all of the above will cause changes in the owners' equity account.

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Melissa

1 months ago

I agree, D is the correct answer.

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Jesus

1 months ago

I agree, D seems like the correct answer.

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Armanda

2 months ago

Wow, this is a tricky one! I'm pretty sure the answer is D, but I'll have to double-check the textbook just to be sure.

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Dustin

2 months ago

I'm not sure, but I think A) McGwire's retention of net income would definitely impact the owners' equity account.

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Trinidad

2 months ago

I agree with Julio, because all those events would affect the owners' equity account.

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Julio

3 months ago

I think the answer is D) All of the above.

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