Which of the Following Statements Is Incorrect

question 1

Multiple Choice

Which of the following statements is incorrect?

• A) Financial records must be retained for 7 years.
• B) Financial records may be kept in any language.
• C) A company can decide where to keep its financial records.
• D) Financial records must be retained for 10 years.

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Definitions:

Owns

To have possession or control of something, typically property, rights, or obligations.

Intersection

In mathematics, the set of elements that are common to two or more sets.

Occurs

Happens or takes place.

Conditional Probability

The likelihood of one event happening when it's known that a different event has already taken place.