Select the Correct Word for the Blank in the Following

question 18

Multiple Choice

Select the correct word for the blank in the following sentence.
We′ve had the __________ lawnmower since July. We should return it!

• A)Johnsons′
• B)Johnsons′s
• C)Johnsons
• D)Johnson′s

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Definitions:

Written Agreement

A formal contract which outlines the terms and conditions between parties in written form.

Income and Losses

A financial term encompassing the total earnings (income) and deductions (losses) affecting the net profitability of a business over a specific period.

Capital Balances

The amount of money that each partner has invested in a business, which can change over time with profits and losses.

Limited Liability Company

A business framework that combines sole proprietorship or partnership tax benefits with the limited liability protection typical of a corporation.