A Comparison of Census Bureau Data from 1980 to 2010

question 37

Multiple Choice

A comparison of Census Bureau data from 1980 to 2010 shows that there has been __________ in the percentage of U.S.households comprising a married couple with their own children under eighteen years of age.

• A) a significant increase
• B) a very minor change
• C) a significant decline
• D) basically no change in the data

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Definitions:

Adjusting Entries

Adjusting entries are journal entries made in an accounting period's end to allocate income and expenditures to the period in which they actually occurred.

Chart of Accounts

A structured list detailing a company's financial accounts, categorized to facilitate the organization and reporting of financial transactions.

Accounting Period

A specific time frame in which financial activities are recorded and reported, commonly a year or a quarter.

Adjustments

Modifications made to accounts to correct or allocate transactions properly, ensuring the accuracy of financial records.