Which of the Following Statements Is INCORRECT

question 35

Multiple Choice

Which of the following statements is INCORRECT?

• A) Sodium dihydrogen phosphate,NaH₂PO₄,is used in acidic cleaners.
• B) Sodium phosphate,Na₃PO₄,is used in strongly basic cleaners.
• C) Calcium dihydrogen phosphate,Ca(H₂PO₄)₂ is used in fertilizers.
• D) The principal use of Na₂HPO₄ is as an emulsifier in the manufacture of cheese.
• E) Phosphoric acid is a strong acid,a powerful oxidizing agent,and a drying agent.

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Definitions:

Disbursement Float

The amount of time it takes for money to be withdrawn from one account and cleared in another, affecting the available balance.

Collection Float

The time period between when a check is deposited into a bank account and the time the funds are available and officially credited to the account.

Book Balance

refers to the current balance in a company’s accounting records, not including any pending transactions that have not yet been cleared or settled.

Net Collection Float

The time difference between when a check is deposited and when the funds are available in the firm's account, affecting available cash.