Choose the Sentence That Avoids the Use of Cluttering Phrases

question 6

Multiple Choice

Choose the sentence that avoids the use of cluttering phrases.

• A) At the present time we are using the old model.
• B) You will get your money in the near future.
• C) The revised plan cut our production costs by 12 percent.
• D) In the event that you fail, we will help you.
• E) We made payment in the amount of $751.

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Definitions:

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing corporation.

Retained Earnings

The accumulated net income of a company that has not been distributed to shareholders as dividends.

Paid-in Capital

Funds raised by a company through the issuance of shares to shareholders, representing the funding the company has received from equity rather than from ongoing operations.

Stockholders' Equity

The ownership interest of stockholders in a company, represented by the company's assets minus liabilities.