Select the Answer That Would Correctly Complete the Sentence

question 8

Multiple Choice

Select the answer that would correctly complete the sentence. Roxanne watched the shooting stars in the sky;

• A) she loved nature's fireworks show.
• B) because she loved nature's fireworks show.
• C) loving nature's fireworks show.

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Definitions:

Basic Accounting Equation

The fundamental equation of double-entry bookkeeping, stating that assets equal liabilities plus owner's equity.

Transaction

An agreement or exchange between two parties that has a measurable financial effect on the accounts of a business.

Accounts

Financial records of transactions that track the income, expenses, assets, liabilities, and equity of an entity.

Double-Entry System

An accounting method that records each transaction in at least two accounts, ensuring the accounting equation (Assets = Liabilities + Equity) remains balanced.