Which of the Following Statements Is Not True About Cohabitation

question 54

Multiple Choice

Which of the following statements is not true about cohabitation trends?

• A)Most couples who marry have cohabited.
• B)Over 40 percent of U.S. children will spend some time in a cohabitating family.
• C)Couples who cohabit before marriage are less likely to get divorced.
• D)Couples who cohabit often experience a push toward marriage.

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Definitions:

Accrued

Refers to amounts that are recognized in the financial statements before the cash transactions occur, representing liabilities for goods and services received but not yet paid.

Routine Entry

Repeated and standard accounting entries made for recurring transactions within a business's financial records.

Expense

An outflow of cash or other valuable assets from a person or company to another entity in exchange for goods or services.

Deferral

Recognition of revenue or expenses in a period different from when the transaction actually occurred, usually related to prepaid expenses or unearned revenue.