The plural of "son-in-law" is "sons-in-law," but the possessive is "son-in-law's."
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: The plural of a compound hyphenated construction goes on the first word: sons-in-law. The possessive form of a compound hyphenated construction goes on the last word: son-in-law's.
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Mr. Jorgensen, a shareholder in the Best Corporation, owns 10,000 shares of its common stock. Mr. Jorgensen receives a 6% stock dividend. After the stock dividend, Mr. Jorgensen will have a:
A) total of 600 shares of Best Corporation's common stock. B) total of 9400 shares of Best Corporation's common stock. C) total of 10,000 shares of Best Corporation's common stock. D) total of 10,600 shares of Best Corporation's common stock.
The entry to record payment of a voucher for an invoice after the discount period under the gross method and the periodic method will include:
A) a debit to Vouchers Payable. B) a credit to Purchase Discounts. C) a debit to Discounts Lost. D) None of these is correct.