Match Each of the Following Terms with Its Description

question 34

Multiple Choice

Match each of the following terms with its description.
-Chylomicron

• A)Lipoprotein that picks up cholesterol from dying cells and other sources and transfers it to other lipoproteins, as well as directly to the liver
• B)Lipoprotein that carries cholesterol and lipids newly synthesized by the liver
• C)Lipoprotein made in the intestine after fat absorption
• D)Product of VLDL metabolism that contains primarily cholesterol

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Definitions:

Inventory

An asset that represents the total amount of goods and or materials a company holds for sale or production in the normal course of business.

Equivalent Units

A concept in process costing that converts partially completed units into a number of equivalent full units.

Direct Method

An approach used in cost accounting or cost allocation in which costs are directly assigned to cost objects, such as departments or products, without any allocation of indirect costs.

Service Department

A division within a company that supports other departments by providing internal services or assistance.