Which of the Following Statements Is True

question 168

Multiple Choice

Which of the following statements is true?

• A)Assets and revenues are the same thing.
• B)If employees have not yet been paid for their work,the company has wages payable.
• C)Retained earnings equal cash that the company has earned and kept
• D)Revenue is another term for profit.
• E)Revenue minus expense equals retained earnings.

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Definitions:

ATP

Adenosine Triphosphate, a molecule that stores and transfers energy within cells.

Aerobic Respiration

A metabolic process in which cells break down glucose and other molecules in the presence of oxygen to produce energy, carbon dioxide, and water.

Cytoplasm

The jelly-like material that makes up much of a cell inside the cell membrane, and, in eukaryotic cells, surrounds the nucleus.

Mitochondrion

A membrane-bound organelle found in most eukaryotic cells that produces energy through cellular respiration, often referred to as the powerhouse of the cell.