One of the Most Damaging Consequences of the No-Fault Divorce

question 47

Multiple Choice

One of the most damaging consequences of the no-fault divorce laws is that

• A)they have tripled the divorce rate.
• B)they keep people from trying to settle their differences.
• C)they are unavailable in most states.
• D)they systematically impoverish women and their children.

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Definitions:

Financial Statements

Documents that present the financial activities and conditions of a business or individual, including balance sheets, income statements, and cash flow statements.

Liabilities

Financial obligations or debts owed by a business to external parties or individuals, which must be repaid at a future date.

Wages Owed

The total amount of compensation that a company owes to its employees for work performed but not yet paid.

Cash Account

A ledger account that represents the amount of cash a company has on hand at any given time.