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

question 30

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 (permanent/temporary).
-

---

Definitions:

Jones Act

A U.S. federal law that regulates maritime commerce in American waters and between U.S. ports, requiring goods transported by water between U.S. ports to be carried on U.S.-flagged ships.

U.S. Citizenship

The status of being a citizen of the United States, involving certain rights, duties, and privileges, and obtained by birth in the U.S., through parents, or by naturalization.

Puerto Ricans

People originating from or holding citizenship in Puerto Rico, which is a territory of the United States located in the Caribbean.

Alien Land Law

Legislation that prohibits certain ethnic or national groups from owning land within a jurisdiction.