Which of the Following Is Considered an Extended Family

question 1

Multiple Choice

Which of the following is considered an extended family?

• A) a college sorority
• B) the Arapesh tribe of New Guinea
• C) Beverly, her husband Bob, and their two children, Barry and Bonnie
• D) a married couple, their children, and the husband's sister all living together in the same home

---

Definitions:

Understatement

An error or omission that causes the reported amount or value of an asset, liability, income, or expense to be lower than the true amount.

Net Income

The company's residual income following the deduction of all expenses and taxes from its total revenue.

Cash Flow

A financial metric that measures the net amount of cash and cash equivalents being transferred into and out of a business.

Operating Activities

Financial transactions and events that affect the operational aspect of a company, including cash flows from operations.