Which of the Following Statements Is Not True About a Neutralization

question 97

Multiple Choice

Which of the following statements is not true about a neutralization reaction?

• A)Water is always formed in a neutralization reaction.
• B)One molecule of acid neutralizes one molecule of base.
• C)A neutralization is the reaction of a hydroxide ion with a proton.
• D)All of the above are true.
• E)None of the above are true.

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Definitions:

Carrying Values

The recorded cost of an asset in a company's financial statements, minus any accumulated depreciation or amortization.

Proportionate Consolidation Method

An accounting technique used to combine a company's share of the assets, liabilities, income, and expenses of a jointly controlled entity on a line-by-line basis in its financial statements.

Fair Value Enterprise Method

A valuation approach determining the price a willing buyer would pay for an entire business in an orderly and open market transaction.

Identifiable Net Assets Method

A valuation method that calculates an entity's value based on the fair value of its identifiable tangible and intangible assets minus its liabilities.