Which of the Following Statements Is the Most Accurate

question 154

Multiple Choice

Which of the following statements is the most accurate?

• A)Children raised by gay parents are more likely to be unhappy than are children raised by straight parents.
• B)Gay and lesbian relationships are less enduring and more dysfunctional than straight relationships are.
• C)Children raised by gay parents are just as likely to be straight as children raised by straight parents.
• D)In same-sex relationships,one person plays the "husband" role and the other plays the "wife."

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Definitions:

Assets

Resources owned by a company from which future economic benefits are expected to flow to the entity, including cash, inventory, and property.

Liabilities

Financial obligations or debts that a business owes to others, which must be settled over time through the transfer of economic benefits including money, goods, or services.

Expense Recognition Principle

The accounting principle that dictates expenses should be recognized in the period in which they are incurred, contributing to the accurate reporting of financial results.

Wages Expense

The total cost incurred by an enterprise for the wages paid to employees, reported on the income statement.