Which of the Following Is True About Child Care

question 7

Multiple Choice

Which of the following is true about child care?

• A)Black parents are more likely than white and Latino parents to use childcare centers.
• B)Whites are most likely to depend on relatives for child care.
• C)Lower-income families are more likely to use childcare centers than high-income families.
• D)Latino parents are most likely to depend on center-based care.

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Definitions:

Permanent/Temporary

Terms distinguishing between accounts that are not closed out or reset at the end of the accounting year (permanent accounts) and those that are (temporary accounts).

Normal Balance

The standard side (debit or credit) on which increases to an account are recorded.

Financial Statement

Reports that summarize the financial condition and operations of a business.

Permanent/Temporary

Conceptual labels for different types of accounts in accounting, with permanent accounts being those that carry their balances into the next accounting period and temporary accounts being closed at the end of each period.