For Each of the Following, Identify in Column 1 the Category

question 120

Essay

For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement that the account in which the account balance is reported, and in Column 4 the account's nature (temporary/permanent).
-

---

Definitions:

Medicaid Coverage

A health insurance program in the United States for low-income individuals and families that provides medical and health-related services.

Affordable Care Act

Federal legislation passed in 2010 aimed at expanding healthcare coverage, reducing healthcare costs, and improving healthcare system efficiency in the United States.

Supremacy Clause

A provision in the U.S. Constitution that establishes that federal law takes precedence over state laws and constitutions when they are in conflict.

Interstate Highway System

A network of controlled-access highways that forms part of the National Highway System in the United States, designed for high-speed vehicular traffic across state lines.