Which of the Following Is NOT One of the Purposes

question 67

Multiple Choice

Which of the following is NOT one of the purposes of TANF?

• A)to prevent pregnancies outside of marriage
• B)to provide quality day care centers for working mothers
• C)to encourage formation and maintenance of two-parent families
• D)to provide assistance to needy families

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Definitions:

Reversals of Revaluation

An accounting process that negates a previously recorded increase or decrease in the value of an asset to reflect its current market value.

Accumulated Depreciation

The total amount of depreciation expense recorded for an asset over its useful life, reducing its book value on the balance sheet.

Fully Depreciated

Fully Depreciated refers to an asset that has reached the end of its useful life, and its book value is equal to its salvage value in the financial records.

Double Diminishing-Balance

A method of accelerated depreciation which charges depreciation at a higher rate in the early years of an asset's life.