Which of the Following Statements About U

question 69

Multiple Choice

Which of the following statements about U.S. consumer households is true?

• A) More than 80 percent of all households in the U.S. are made up of married couples with no children under 18 years of age.
• B) The divorce rate is about 50 percent, and the majority of divorced people stay single.
• C) Americans are marrying younger, but delaying child bearing.
• D) Single-adult households account for over one-fourth of all households.
• E) All of the above are true.

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Definitions:

Par Preferred Stock

A type of preferred stock that is issued at its nominal or face value, and typically has a fixed dividend rate.

Debit to Cash

An accounting entry that increases the cash balance in a company's books.

Paid-In Capital

The total amount of money investors have contributed to a company in exchange for equity.

Retained Earnings

The portion of net income that is not distributed to shareholders but instead retained by the company to reinvest in its core business or to pay debt.