The Following Sentences Form a Paragraph

question 18

Multiple Choice

The following sentences form a paragraph. Proofread them for inconsistent tense and faulty parallelism. Identify the type of each error in each sentence, or select "correct" if the sentence is free of errors.
-The Johnstown flood of 1889 was perhaps the worst flood disaster in the United States in the nineteenth century.

• A) correct
• B) inconsistent tense
• C) faulty parallelism

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Definitions:

Stockholders' Equity

The value of a company's assets minus its liabilities, representing the ownership interest of the shareholders.

Accounting Equation

The fundamental equation of accounting stating that Assets = Liabilities + Owners’ Equity.

Common Stock

Equity ownership in a corporation, with voting rights and potential dividends.

Accounts Payable

The sum of funds that a company is required to pay to its suppliers for goods and services obtained on credit.