Select the Correct Verb or Verbs for Each Sentence

question 20

Multiple Choice

Select the correct verb or verbs for each sentence. At sea, they often ( have , has ) waves several hundred miles long and just a few feet high.

• A) have
• B) has

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Definitions:

Straight-Line Method

A depreciation method that allocates an equal amount of depreciation each year over the useful life of an asset.

Amortization

The process of gradually writing off the initial cost of an intangible asset over its useful life.

Interest Expense

This is the cost incurred by an entity for borrowed funds over a period of time.

Bondholder Claims

The rights that bondholders have to the issuer's assets and income, usually in the form of interest payments and the return of principal at maturity.