Which of the Following Relationships Does NOT Pass the Relationship

question 21

Multiple Choice

Which of the following relationships does NOT pass the relationship test for a qualifying child?

• A)Stepsister's daughter.
• B)Half-brother.
• C)Cousin.
• D)Stepsister.

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Definitions:

Credit Balance

A situation where the total credits in an account exceed the total debits, often reflecting a positive balance in financial accounts.

Notes Payable

Notes payable are written agreements where a borrower agrees to pay back a specified amount of money, plus interest, to a lender at a future date.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered but not yet paid for.

Journalize

The act of recording transactions in the journal as part of the accounting process.