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Relate the concept of the extended family to the different forms of marriage discussed in the chapter (monogamy, polygyny, and polyandry). What might an extended family look like in each of these marital systems?
Insurance Payable
A liability account that represents amounts owed for insurance premiums that are due but not yet paid.
Proprietorship
A business owned by one individual.
Drawing
Drawing refers to the withdrawal of cash or other assets from a company by the owner(s) for personal use, decreasing the owner's equity in the business.
Decrease In Assets
A reduction in the value or amount of the assets owned by a company or individual.
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