Choose the option that best conveys the meaning of the underlined portion in the following sentence;
The balance sheet at the end of the business year shows that we broke even
The balance sheet at the end of the business year shows that we broke even
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Correct Answer: Option C
Explanation:
The correct answer is C. neither lost nor gained.
Explanation:
The phrase "broke even" refers to a situation where there was no profit or loss; the income exactly matched the expenses. It means the business neither gained nor lost money during the period.
- A. lost heavily: This is incorrect. "Broke even" means there was no loss, so it doesn’t imply losing money.
- B. made profit: This is incorrect. "Broke even" means no profit was made, just that the losses and gains were equal.
- C. neither lost nor gained: This is correct. "Broke even" means the business's income and expenses were balanced, with no profit or loss.
- D. had no money to continue business: This is not correct. "Broke even" doesn't imply running out of money; it just means no profit or loss.
- E. were heavily indebted to our bankers: This is unrelated to "broke even," as it doesn't describe the balance between income and expenses.
Therefore, C. neither lost nor gained best conveys the meaning of "broke even."
The correct answer is C. neither lost nor gained.
Explanation:
The phrase "broke even" refers to a situation where there was no profit or loss; the income exactly matched the expenses. It means the business neither gained nor lost money during the period.
- A. lost heavily: This is incorrect. "Broke even" means there was no loss, so it doesn’t imply losing money.
- B. made profit: This is incorrect. "Broke even" means no profit was made, just that the losses and gains were equal.
- C. neither lost nor gained: This is correct. "Broke even" means the business's income and expenses were balanced, with no profit or loss.
- D. had no money to continue business: This is not correct. "Broke even" doesn't imply running out of money; it just means no profit or loss.
- E. were heavily indebted to our bankers: This is unrelated to "broke even," as it doesn't describe the balance between income and expenses.
Therefore, C. neither lost nor gained best conveys the meaning of "broke even."