The Obama Health-Care Reforms Were Approved in ______

question 43

Multiple Choice

The Obama health-care reforms were approved in ______.

• A) 2008
• B) 2009
• C) 2010
• D) 2011

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Definitions:

Fair Value Method

An accounting approach that estimates the price to sell an asset or settle a liability, based on current market conditions.

Short-term Investments

Investments that are easily convertible into cash, typically within five years or less, used to generate income on surplus funds.

Recognition

The formal acknowledgment in accounting that a transaction or event has occurred and should be recorded in the financial statements.

Government Bonds

Debt securities issued by a government to support government spending and obligations, often seen as low-risk investments.