Your Roommate Is from Denmark, and She Was Telling You

question 152

Multiple Choice

Your roommate is from Denmark, and she was telling you that she and her boyfriend had sexual intercourse frequently and her parents allowed him to spend the night with her.You were quite surprised to learn this and asked whether her situation was unusual.She indicated that __________.

• A)yes, it was very unusual; Denmark is very restrictive regarding sexual behavior
• B)yes, it was somewhat unusual; none of her friends were allowed to have their boy- or girlfriends spend the night with them
• C)no, Denmark has a very permissive attitude regarding teenage sexual behavior
• D)it was somewhat unusual, but if the parents signed consent forms, their children could acquire contraception

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Definitions:

Journal Entries

Records of financial transactions in the order they occur, which are then posted to the appropriate accounts.

Debits

Entries in accounting that increase an asset or expense account, or decrease equity, liability, or revenue accounts.

Credits

Accounting entries that represent an increase in liabilities or revenues, or a decrease in assets or expenses.

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.