Which of the Following Is NOT True of Divorce Rates

question 79

Multiple Choice

Which of the following is NOT true of divorce rates?

• A) Divorce rates are higher among blacks than whites or Hispanics.
• B) Divorce rates are declining.
• C) Most divorces occur after 12 to 15 years of marriage.
• D) Many religious denominations are becoming more tolerant of divorce.

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Definitions:

Owner's Capital Account

Represents the total equity or investment that the owner has in the business, including initial investment and subsequent profits or losses.

Balance

The amount of money or value remaining in an account after accounting for debits and credits.

Income Summary

An account used in the closing process that summarizes the revenue and expenses for a specific accounting period.

Expenses Accounts

Accounts that track money spent or costs incurred in a company’s operations to generate revenue.