Which of the Following Statements Is True

question 43

Multiple Choice

Which of the following statements is true?

• A) A triglyceride has three fatty acids attached to a cholesterol "backbone" molecule.
• B) The omega end of a fatty acid molecule contains the acid group.
• C) A saturated fat has a triple bond between two carbons in the hydrocarbon chain.
• D) A polyunsaturated fatty acid has two or more double bonds between carbons in the hydrocarbon chain.

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Definitions:

Joint Costs

Costs that are incurred in producing multiple products up until the split-off point where the products become distinguishable.

Split-Off Point

The stage in a production process where multiple products become separately identifiable, and cost allocation becomes necessary.

Split-Off Point

The stage in a process where different products have been sufficiently processed and can be recognized as distinct goods.

Weighted Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the weighted average cost of all items available for sale during the period.