Which of the Following Is Not One of the Reasons

question 24

Multiple Choice

Which of the following is not one of the reasons for the new lifespan development category called emerging adulthood?

• A) changes in the workforce
• B) changing cultural expectations
• C) taking longer to complete a college degree
• D) younger average age for marriage

---

Definitions:

Deferred Tax Assets

Assets on a company's balance sheet that may be used to offset future tax liabilities.

IFRS

International Financial Reporting Standards, a set of global accounting guidelines for preparing financial statements.

Valuation Allowance

Valuation Allowance is an accounting procedure that reduces the value of a deferred tax asset if it is unlikely that the business will use the tax asset in the future.

Deferred Tax Asset

A tax reduction amount that can be used to offset future tax liabilities.