The Duty of Child Support

question 5

Multiple Choice

The duty of child support:

• A)exists in most cases until the child reaches the age of majority
• B)exists in most cases until the child is emancipated
• C)can sometimes exist beyond the child's age of majority if the child is disabled
• D)all of the above

---

Definitions:

Projected Addition

Projected addition refers to the estimated increase or expansion in a company's assets, revenues, or capabilities, based on future plans or investments.

Debt-Equity Ratio

An indicator that specifies the proportional role of shareholders' equity and debt in asset funding.

Dividend Payout Ratio

The fraction of earnings a firm pays out to its shareholders in the form of dividends, expressed as a percentage of the company's total earnings.

Retained Earnings

Retained earnings refer to the portion of a company's profits that are kept by the company instead of being paid out as dividends to shareholders, often used for reinvestment in the business or to pay down debt.