​Which of the Following Statements Is NOT True of Divorce

question 49

Multiple Choice

​Which of the following statements is NOT true of divorce?

• A) ​Many of the costs of divorce are paid by society.
• B) ​Custody battles are emotionally damaging to all family members.
• C) ​Courts invariably award the woman custody of the children, child support payments, and alimony.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a company after deducting liabilities, essentially representing ownership interest.

Expense Accounts

Accounts in the general ledger that are used to record various costs and expenses incurred by a business.

Revenue Accounts

Accounts that track the income a business receives from its various activities, such as sales of products or services.

Loss Accounts

Accounts used to record the loss in value of assets or to represent expenses that reduce net income.