Which of the Following Statements Is True

question 82

Multiple Choice

Which of the following statements is true?

• A)Partners are employees of the partnership.
• B)Salaries to partners are expenses on the partnership income statement.
• C)Salary allowances usually reflect the relative value of services provided by partners.
• D)Salary allowances are expenses.
• E)Interest allowances are expenses.

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Definitions:

Diastereomers

Stereoisomers that are not mirror images of each other, having two or more stereocenters.

Optical Activity

The property of chiral molecules to rotate plane-polarized light, a phenomenon measured using polarimetry.

Enantiomer

Molecules that are mirror images of each other but cannot be overlaid onto each other, much like left and right hands.

Meso Compound

A type of stereochemical isomer with multiple stereocenters that is superimposable on its mirror image, making it achiral despite containing chiral centers.