Which of These Is a Positive Outcome Associated with Caring

question 91

Multiple Choice

Which of these is a positive outcome associated with caring for an ageing parent?

• A)It decreases unsolicited advice.
• B)It increases independence for the ageing parent.
• C)It decreases financial pressures.
• D)It provides a chance for adult children to give back to their parents.

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Definitions:

Income Summary

An account in which the revenues and expenses are summarized during the closing process, used to transfer net income or loss to owner's equity.

Net Income

The net income a company earns once all costs and taxes are deducted from its total revenues.

Rent Expense

Costs incurred from leasing property or equipment for business operations.

Worksheet

A financial document used by accountants to prepare adjusting entries and end-of-period financial statements.