Lengthy Cohabitation That Is Considered Legally Binding in Some States

question 68

Multiple Choice

Lengthy cohabitation that is considered legally binding in some states is

• A)cohabitation.
• B)common-law marriage.
• C)an open relationship.
• D)an informal relationship.

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Definitions:

Adjustment

An alteration made to financial records or statements to correct errors or account for changes.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit columns to ensure that a company's financial transactions are correctly recorded.

Worksheet

A paper or digital document used to organize information, perform calculations, and prepare for the creation of financial statements.

Revenue

Total financial returns resulting from a company's main operational activities, specifically the sale of its goods or services.