In March 2010, Congress Passed ________, Substantially Altering the Nation's

question 38

Multiple Choice

In March 2010, Congress passed ________, substantially altering the nation's health care system.

• A) No Child Left Behind
• B) the Affordable Care Act
• C) the National Women's Health Act
• D) the Dream Act

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Definitions:

Retained Earnings

The cumulative amount of profits kept in a company after dividends are paid, used for reinvestment in the business or to pay down debt.

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, including all revenues, gains, expenses, and losses.

Equity

The value of an owner's interest in a property or business, determined by subtracting liabilities from assets.

Trading Securities

Marketable securities held by a firm with the intent of short-term trading for profit, which are classified as current assets on the balance sheet.