When Couples Share a Home and a Bed Without Being

question 6

Multiple Choice

When couples share a home and a bed without being legally married, they are practicing:

• A) a family household
• B) a nonfamily household
• C) cohabitation
• D) companionate marriage

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Definitions:

Normal Balance

The side of an account where increases are recorded, which is the debit side for assets and expenses, and the credit side for liabilities, equity, and revenue.

Rent Expense

An expense account that records the cost incurred by a business to utilize property or equipment for operations.

Debit

An accounting entry that increases an asset or expense account, or decreases a liability or equity account, reflected on the left side of an account.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account. It is also used to refer to the provision of resources by a credit provider to a borrower.