Reduce the Fraction to Lowest Terms

question 290

Multiple Choice

Reduce the fraction to lowest terms.

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Definitions:

Expenses

Costs incurred during business operations to generate revenue, which may include rent, salaries, and materials.

Generate Revenues

The process of earning income through the sale of goods or services provided by a business.

Obligations

Obligations are responsibilities or legal commitments that arise from contracts, laws, or financial agreements, requiring entities to settle debts or perform specific actions.

Liabilities

Future sacrifices of economic benefits that an entity is obliged to make to other entities as a result of past transactions or other past events.