In 2003,the Results of a Longitudinal Study of Young Adults

question 29

Multiple Choice

In 2003,the results of a longitudinal study of young adults in the United States documented that:

• A) very few of the sample were financially independent of their family of origin.
• B) over half of the sample were financially independent of their family of origin.
• C) all subjects in the sample were financially independent of their family of origin.
• D) all subjects in the sample reported feeling ashamed of needing financial help.

---

Definitions:

Edit Account

The process of modifying the details or settings of an existing account in an accounting or financial system.

Company Center

Likely a feature or section within business or accounting software that provides an overview or management tools for company information and operations.

Temporary Accounts

Accounts in accounting that are closed at the end of the accounting period and include revenues, expenses, and dividends accounts.

Accounting Period

An accounting period is a specific time span during which financial activities are recorded and compiled into financial statements.