Alan and Susan Smith Have Transitioned into the Early Adulthood

question 199

Multiple Choice

Alan and Susan Smith have transitioned into the early adulthood phase.According to your textbook they are about to experience the MOST significant level of stress.Which of the following most likely describes their situation?

• A) They are highly traditional parents and their son is leaving home to attend university in a different city.
• B) They are highly traditional parents and their daughter is leaving home to attend university in a different city.
• C) They view themselves as competent parents, yet now their son is leaving home to attend university in a different city.
• D) They view themselves as competent parents, yet now their daughter is leaving home to attend university in a different city.

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Definitions:

Fund Balance

The difference between the assets and liabilities in a governmental fund, representing the net assets available for spending.

Statement of Activities

A financial report mostly used by non-profit organizations, displaying revenues, expenses, and changes in net assets for a specific period.