A Stepparent Who Adopts a Child

question 3

Multiple Choice

A stepparent who adopts a child:

• A)has a duty to support the child but only if the stepparent marries the child's biological parent
• B)has a duty to support the child whether or not the stepparent marries the child's biological parent
• C)has a duty to support the child but only if the adoption occurred before the stepparent married the child's biological parent
• D)has a duty to support the child but only if the adoption occurred after the stepparent married the child's biological parent

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Definitions:

Credit Column

A column in accounting records or financial statements used to record amounts that reduce balances in asset or expense accounts, or increase balances in liability, equity, or revenue accounts.

Financial Statement

A written record that conveys the financial activities and conditions of a business or individual.

Normal Balance

The side (debit or credit) of an account that increases its value, reflecting the conventional balance based on accounting rules.

Financial Statements

Documents that give an overview of a business's financial condition in both short and long term, including but not limited to, income statements, balance sheets, and statements of cash flows.