Select the Letter of the Correct Word for Each Sentence

question 118

Multiple Choice

Select the letter of the correct word for each sentence.
-After dinner, we all (set, sat) around the table.

• A) set
• B) sat

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Definitions:

Journal Entry

A record in the books of accounts that represents a business transaction and its effect on the company's financial position.

Accounts

Financial records of a company's transactions, maintaining detailed information about revenue, expenses, assets, liabilities, and equity.

Dividends Declared

Profits that a company's board of directors has decided to distribute to its shareholders, usually in the form of cash payments or additional shares.

Shareholders' Equity

The remaining value of a company's assets after liabilities are subtracted, which signifies the ownership stake of the shareholders.