Directions: Identify the Agreement Error in the Following Sentences

question 20

Multiple Choice

Directions: Identify the agreement error in the following sentences. ​ After everyone finishes ______ quiz, you can begin working on the next chapter's assignment.

• A)his
• B)his or her
• C)their
• D)its

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Definitions:

Useful Life

The estimated timeframe that an asset is expected to be usable for its intended purpose.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serves as a global framework for financial statements.

ASPE

Accounting Standards for Private Enterprises, a set of accounting guidelines for private companies in Canada.

Property, Plant, and Equipment

Long-term assets vital to business operations and not easily converted into cash, encompassing real estate, factories, machinery, and more.