Select the Correct Verb

question 33

Multiple Choice

Select the correct verb.
-The class _____ a retirement party for Dr. Baroudi.

• A) be planning
• B) are planning
• C) was planning
• D) plan

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Definitions:

Double Entry System

A method of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account, effectively balancing the accounting equation.

Accounting

A structured process of noting down, disclosing, and analyzing the financial activities of a business entity.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period, typically a quarter or year.

Balance Sheet

A document that provides a snapshot of an organization's financial status by listing its assets, obligations, and the equity of its shareholders at a given time.