If, After Being Divorced, Both Biological Parents Retain Legal Custody

question 124

Short Answer

If, after being divorced, both biological parents retain legal custody of their children, they are said to have _______________ custody.

---

Definitions:

Business Combination

A transaction or other event in which an acquirer gains control over one or more businesses, often seen in mergers or acquisitions.

Common Stock

A type of security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends and capital appreciation.

Appraised Fair Value

The estimated market value of an asset or liability determined by a qualified appraiser.

Journal Entry

A record in accounting that represents a business transaction, indicating the effects on each affected account in debit and credit formats.