Which Statement Is False

question 7

Multiple Choice

Which statement is false?

• A) About half of magnesium in the body is associated with the bones.
• B) Intracellular and serum magnesium levels are rigidly maintained.
• C) Magnesium in cells is associated with phospholipids and proteins.
• D) Magnesium metabolism is regulated by several hormones.

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Definitions:

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the business assets.

Intangible Assets

Assets having no physical substance (such as patents or franchises).

Current Assets

Assets that are expected to be converted into cash, sold, or consumed during the next 12 months or within the business's normal operating cycle if longer.

Prepaid Insurance

A current asset account that represents the amount of insurance premiums paid in advance for coverage extending beyond the current accounting period.