If a Man and Woman Work for the Same Company

question 48

Multiple Choice

If a man and woman work for the same company and have a newborn baby, who would qualify for FMLA coverage?

• A)the mother only
• B)the father only
• C)either the mother or the father could take leave
• D)both the mother and father could take twelve weeks each

---

Definitions:

Refund Liability

An obligation recorded by a company to reflect anticipated refunds to customers for returned or unsatisfactory products.

Refund Liability

An obligation to return funds received from customers in the event of product returns or dissatisfaction, represented as a liability on the balance sheet.

Deferred Revenue Account

An account on a company's balance sheet that represents payment received from customers for goods or services not yet delivered or completed.

Contra Asset Account

An asset account where its balance is a negative figure that is subtracted from the balance of its related accounts on the balance sheet.