Steve and Mary Are Married and Then Get a Divorce

question 69

Multiple Choice

Steve and Mary are married and then get a divorce.Steve then marries Rachel,and they get a divorce,too.Steve remarries Mary and lives with her until she dies.After Mary's death,Steve marries Beth and lives with her until his death.These relationships of Steve's life are an example of

• A)polygamy.
• B)polygyny.
• C)serial monogamy.
• D)polyandry.

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Definitions:

Unrealized Gains

Increases in the value of an asset that has not been sold, and thus the gain has not been "realized" through a transaction.

Comprehensive Income

The total change in equity for a business enterprise during a period from transactions and other events from non-owner sources.

Available-For-Sale Securities

Financial investments that a company holds with the intent of selling for a profit but are not actively traded or held to maturity.

Unrealized Loss

A loss that occurs on paper due to the decrease in value of an investment but has not yet been realized through actual sale or exchange.