Select the Correct Past Tense Form of Each Verb

question 17

Multiple Choice

Select the correct past tense form of each verb. Some verbs are regular; others are irregular.
-Henriette ______________ through the lecture on political economics.

• A) sat
• B) sit
• C) sitted

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Definitions:

GAAP Hierarchy

A framework that categorizes the importance and authority of different accounting principles and guidelines in the U.S. Generally Accepted Accounting Principles (GAAP).

Valuation Method

Techniques or approaches used to determine the market value of assets, businesses, or financial instruments.

Historical Costs

The original monetary value of an asset or liability, without adjusting for inflation or changes in market value.

Economic Resources

Assets owned by businesses or individuals that have the ability to produce value or generate income in the future.