The Following Sentences Form a Passage

question 11

Multiple Choice

The following sentences form a passage. For each sentence, select "correct" if the sentence is punctuated correctly, "fragment" if it is a fragment, "run-on" if it is a run-on, and "comma splice" if it is a comma splice. Impressed that the students were fiercely competitive and working on a high level.

• A) correct
• B) fragment
• C) run-on
• D) comma splice

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Definitions:

Retained Earnings

Accumulated net income that a company decides to keep rather than distribute to its shareholders as dividends.

Owners' Equity

Owners' equity represents the ownership interest of the shareholders or owners in the net assets of a company, reflecting the difference between assets and liabilities.

Current Liability

A financial obligation that is due within one year or within the normal operating cycle of the business.

Worksheet

A paper or spreadsheet used by accountants to prepare adjusting entries and to produce financial statements.