Which of the Following Is TRUE About Cohabitation (I

question 63

Multiple Choice

Which of the following is TRUE about cohabitation (i.e.,living in a common-law relationship) ?

• A)Very few couples who live together ever decide to marry.
• B)Couples who live together prior to being married are more likely to stay together than couples who do not cohabit before being married.
• C)Couples who live together prior to being married are more likely to separate than those who do not cohabit before being married.
• D)Couples living in common-law relationships are not entitled to any of the same legal rights as married individuals.

---

Definitions:

Contingent Consideration

An additional payment that the buyer agrees to make to the seller in a business acquisition, which is dependent on specific future events or performances.

Fair Value

An estimate of the price at which an asset or liability could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Liability

A financial obligation or debt owed by a company to another entity.

Consolidate Financial Statements

Combined financial statements of a parent company and its subsidiaries, presenting the group as a single economic entity.