Debbie and Paul Are Thinking About Starting a Family, but Are

question 98

Multiple Choice

Debbie and Paul are thinking about starting a family, but are a little hesitant because there is a history of phenylketonuria in Debbie's family. What should Debbie and Paul do?

• A) They should adopt a child if they want children. Anyone with a history of inherited disease in their family should not have children.
• B) They should go ahead and try to start a family. If Debbie is a carrier of the disease, she is unlikely to be able to get pregnant.
• C) They should go ahead and start trying. Phenylketonuria is not an inherited disease.
• D) They should go to genetic counseling to determine what the odds are that they will pass on the disease.

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Definitions:

Owner's Drawings

These are the withdrawals of cash or other assets by the owner from the business for personal use.

Owner's Capital

The amount of equity in a company that belongs to the owner, including initial investment plus any retained earnings.

Salaries Expense

Represents the total amount paid to employees for services rendered during a particular period.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that is globally accepted for financial reporting.