Which Group Has the Lowest Average Total Incomes

question 12

Multiple Choice

Which group has the lowest average total incomes?

• A)lone-parent families
• B)cohabiting couples
• C)stepfamilies with more than two children
• D)married couples with more than three children

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Definitions:

Posting Frequency

The regularity with which financial transactions are recorded and posted in the accounting system.

Accounts Payable

Liabilities of a business that are due to vendors or suppliers for goods or services received that have not yet been paid for.

Cash Payments Journal

A financial journal that records all cash outflows or payments made by a business.

Subsidiary Ledger

A ledger containing all the details of a general ledger account, allowing for more detailed information and analysis of that account.