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:

Bank Overdraft

A facility that allows an individual or business to withdraw more money from a bank account than has been deposited, up to an agreed limit.

Notes Payable

A liability represented by a written promise to pay a specific sum of money, usually with interest, by a specified date.

Equipment

comprises tangible assets used in operations, such as machinery and office hardware, which have a useful life beyond one year and assist in the production of goods and services.

AASB 132

Refers to the Australian Accounting Standards Board standard on Financial Instruments: Presentation, which covers the presentation of financial instruments in financial statements.