Which of These Statements Regarding Cremation Practices in the United

question 29

Multiple Choice

Which of these statements regarding cremation practices in the United States is False?

• A)Cremation is always less expensive than earth burial because one does not have the expense of a cemetery lot and the funeral service.
• B)Approximately one-half of funerals in the United States involve cremation.
• C)When a body is cremated,the remains look very much like ashes that can be found in a fireplace.
• D)All of the above.

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Definitions:

Warranty Liabilities

Obligations that a company holds to repair or replace a product within a specified period due to defects or failures.

Lease Liabilities

Lease liabilities represent a lessee's obligation to make lease payments arising from a lease, as recorded on the balance sheet under new accounting standards.

Bonds Payable

A long-term debt instrument issued by corporations, government agencies, and other entities to finance operations and projects, which requires repayment of the principal amount and interest.

Long-Term Liabilities

Financial obligations of a business that are due beyond one year, including bonds payable, long-term loans, and lease obligations.