An Extended Unilineal Descent Group Whose Members Claim Descent from a Common

question 10

Multiple Choice

An extended unilineal descent group whose members claim descent from a common ancestor but who cannot trace their genealogical links to that ancestor is called a(n) :

• A)family.
• B)totem.
• C)lineage.
• D)kindred.
• E)clan.

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Definitions:

Comprehensive Income

The total change in equity for a reporting period other than from transactions with owners, including all non-owner changes in equity such as unrealized gains and losses.

Fair Value

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

Trading Securities

Financial instruments that are bought and sold for the purpose of generating profits on short-term fluctuations in price.

Held-To-Maturity

Held-to-maturity describes investment assets that a firm plans and is capable of retaining until they reach their due date.