Which of the Following Statements Is True

question 17

Multiple Choice

Which of the following statements is true?

• A) Accumulated depreciation is a contra account on the income statement.
• B) Intangible assets are assets that do not have a physical existence.
• C) The current ratio is current assets plus current liabilities.
• D) Book value of a building is the cost plus accumulated depreciation to date.

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Definitions:

Salivary Amylase

An enzyme found in saliva that begins the process of starch digestion by breaking down complex carbohydrates into simpler sugars.

Intestinal Absorption

The process by which nutrients from food are absorbed through the small intestine's lining into the bloodstream.

Monoglycerides

Fatty acids bonded to a glycerol molecule; a type of lipid used as an emulsifier in various food products.

Disaccharides

Carbohydrates composed of two monosaccharide molecules bonded together, such as sucrose and lactose.