Paragraphs Should

question 40

Multiple Choice

Paragraphs should

• A) focus on at least three ideas.
• B) avoid the repetition of key or similar words.
• C) contain long, solid chunks of print.
• D) contain eight or fewer printed lines.

---

Definitions:

Long-Term Liabilities

These are obligations or debts that are due to be paid out beyond one year in the future.

Current Liability

A liability that must be paid off within one year or the standard operating cycle of the company, whichever period is greater.

One Year

A period of twelve consecutive months used as a standard measure of time for accounting, budgeting, and financial reporting.

Operating Cycle

The duration of time it takes for a business to buy inventory, sell it to customers, and collect the cash from the sales.