The Following Sentences Form a Paragraph

question 34

Multiple Choice

The following sentences form a paragraph. For each item, select the letter of the word that is a look-alike/sound-alike error. In 1952, Chavez began his work for the Community Service Organization, a group that helped Mexican American migrant workers fight for they're rights.

• A) for
• B) they're
• C) rights

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Definitions:

Single-Step Income Statement

A simplified income statement that calculates net income by subtracting total expenses from total revenues with only one step.

Multiple-Step Income Statement

An income statement format that separates operating transactions from non-operating transactions, providing a detailed analysis of revenue and expenses.

Casualty Loss

A loss resulting from sudden, unexpected, or unusual events such as accidents, natural disasters, or theft, often deductible for tax purposes.

Net Sales

The financial income a business earns from sales activities, minus the deductions for returns, damaged or lost items allowances, and discounts.