What Is the Term Used to Describe a Substantial Gift

question 91

Multiple Choice

What is the term used to describe a substantial gift of money or property from the groom and his kin to the bride and her kin?

• A)bride service
• B)dowry
• C)bride price
• D)bride gift

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Definitions:

Revised Estimated

An updated projection or forecast, usually pertaining to budgeted or financial figures, based on new information or analyses since the original estimate was made.

Preproduction Costs

Preproduction costs are expenses incurred during the planning and design phase of manufacturing before actual production begins.

Change In Accounting Principle

A modification in the method used for accounting, such as from one generally accepted accounting principle (GAAP) to another, or an update to the accounting framework.

Capitalizing

The accounting practice of spreading out the cost of a large expense over multiple reporting periods, often for long-term assets or investments.