Which of the Following Is an Example of Community Property

question 30

Multiple Choice

Which of the following is an example of community property?

• A) Property acquired during the marriage through a spouse's industry or efforts
• B) Property a spouse owned before the marriage
• C) Property acquired by a spouse during the marriage as a gift or by inheritance
• D) Property exchanged for separate property

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Definitions:

Retail Inventory Method

An accounting technique used to estimate inventory value by comparing the cost of goods sold to the total sales.