Identify Which of the Following Statements Is True

question 53

Multiple Choice

Identify which of the following statements is true.

• A)A plan of reorganization must be a written document.
• B)Advance rulings are required for all reorganizations.
• C)The IRS will issue an advance ruling on any proposed tax-free reorganization.
• D)All of the above are false.

---

Definitions:

Citric Acid Cycle

Series of chemical reactions in which citric acid is converted into oxaloacetic acid, carbon dioxide is formed, and energy is released. The oxaloacetic acid can combine with acetyl-CoA to form citric acid and restart the cycle. The energy released is used to form NADH, FADH2, and ATP.

Electron-Transport Chain

Series of electron carriers in the inner mitochondrial membrane; they receive electrons from NADH and FADH2, using the electrons in the formation of ATP and water.

Glycolysis

Glycolysis is a series of enzymatic reactions that break down glucose into pyruvate, producing energy in the form of ATP, and occurs in the cytoplasm of cells.

Lactate Formation

The conversion of pyruvate into lactate by anaerobic glycolysis, often occurring in muscles during intense exercise.