Which of the Following Statements Is NOT True

question 13

Multiple Choice

Which of the following statements is NOT true?

• A) The feminization of poverty is unique to the United States.
• B) Households headed by women tend to be poorer than those headed by men.
• C) Married couples are much more secure economically than single mothers.
• D) Women now head more than half the households in the United States.
• E) The feminization of poverty has serious consequences with regard to living standards and health.

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Definitions:

Other Comprehensive Income

A financial accounting term representing the revenues, expenses, gains, and losses that are not included in net income, affecting the equity section of the balance sheet outside of net income.

Financial Statement Footnotes

Detailed explanations and additional information provided at the bottom of financial statements, clarifying specific line items.

Two-Statement Approach

A financial reporting method where income tax effects of items reported outside the income statement are recognized directly in equity instead of income statement.

Unrealized Gains

Profits that have been achieved on paper from investments but have not yet been realized through selling the investment.