Inventories Affect

question 209

Multiple Choice

Inventories affect

• A) only the balance sheet.
• B) only the income statement.
• C) both the balance sheet and the income statement.
• D) neither the balance sheet nor the income statement.

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Definitions:

Pancreas

A gland in the digestive and endocrine systems of vertebrates that produces hormones like insulin and digestive enzymes.

Liver

A vital organ found in vertebrates which performs multiple functions such as detoxification, protein synthesis, and production of biochemicals necessary for digestion.

Hydrogenation

Hydrogenation is a chemical process whereby hydrogen is added to unsaturated bonds in organic compounds, often used to convert liquid oils into solid fats.

Trans Fatty Acids

Types of unsaturated fats that have been chemically altered through hydrogenation, often found in processed foods and linked to various health risks.