Select the Answer That Correctly Combines Each Pair of Sentences

question 2

Multiple Choice

Select the answer that correctly combines each pair of sentences into one by using a possessive, keeping the meaning of the original sentences. Al owns an old phonograph. The phonograph plays 78 rpm records.

• A) Al's old phonograph plays 78 rpm records.
• B) Al's old 78 rpm records play on a phonograph.

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Definitions:

Assets

Resources owned or controlled by a business or an individual that are expected to produce positive economic value.

Liabilities

Financial obligations or debts owed by a business to others that must be settled over time through the transfer of economic benefits.

Measurement Principle

An accounting principle that determines the specific basis on which economic events are recognized and quantified.

Monetary Unit Assumption

An accounting principle that assumes transactions and events can be expressed in stable units of money, facilitating their comparison and measurement.