The Term "Empty Nest" Refers to

question 52

Multiple Choice

The term "empty nest" refers to

• A)families whose children have grown and left home.
• B)women who choose to remain single.
• C)women who marry,but choose to remain childless.
• D)couples who are unable to have a child.

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Definitions:

Salvage Value

The projected value at which an asset can be sold after its period of usefulness, utilized in the computation of depreciation costs.

Depreciated

The reduction in value of an asset over time due to wear and tear, age, or obsolescence, commonly used in accounting to allocate the cost of an asset over its useful life.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is becoming the global standard for the preparation of public company financial statements.

Market Value

The ongoing value at which one can buy or sell a service or asset in the market.