All of the Following Statements Are True EXCEPT

question 20

Multiple Choice

All of the following statements are true EXCEPT:

• A)there are two O-rings on the male coupling.
• B)ferrules are used to form the threads on the outside of a pipe.
• C)after hand-tightening pieces of pipe, tighten further a minimum of 2-1/2 turns.
• D)pipe is cut with a pipe cutter.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds; interest expense is often deductible for the borrower for tax purposes.

Inflation

The rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling.

Stockholders' Equity/Total Assets

A ratio expressing the proportion of a company's assets that are financed by shareholders' equity.

Long-Term Debt/Stockholders' Equity

A financial ratio that measures a company's leverage by comparing its long-term debt to its stockholders' equity.