The ______________Is Equal to the Number of Deaths of Infants

question 18

Multiple Choice

The ______________is equal to the number of deaths of infants under 1 year of age per 1,000 live births in a given year.

• A) child mortality rate
• B) infant mortality rate
• C) first year of life rate
• D) baby mortality rate

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Definitions:

Temporary Accounts

These are accounts that are closed at the end of each accounting period, including revenues, expenses, dividends, and income summary accounts, to prepare the company for a new accounting period.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to reinvest in its business or to pay debt.

Accounting Period

A specific duration of time for which financial statements are prepared, often annually, quarterly, or monthly, to measure financial performance.

Adjusted Trial Balance

An inventory of all accounts with their adjusted balances, utilized to compile financial statements.