Which of the Following Is Not True of Seniors

question 26

Multiple Choice

Which of the following is not true of seniors?

• A) They think of themselves as being younger than they actually are.
• B) They are highly engaged in the community with almost 45 percent volunteering to help in the community.
• C) They are largely dependent upon their children and the government for financial support.
• D) Many are still working and raising children.
• E) They tend to lead multidimensional lives.

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Definitions:

Revenue Accounts

Accounts recording the income a company generates from its operations, not related to its investments or other sources.

Gain Accounts

Accounts reflecting increases in equity, other than those relating to contributions from equity participants, typically from transactions and other events affecting the entity.

Debited

To be debited means an amount has been recorded on the left-hand side of a financial account, indicating an increase in assets or a decrease in liabilities.