The First Synthetic Polymer Was Produced in 1909 and Is

question 11

Multiple Choice

The first synthetic polymer was produced in 1909 and is known as

• A)polyethylene.
• B)celluloid.
• C)bakelite.
• D)plexiglass.

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Definitions:

Accounts Payable

Money owed by a company to its suppliers or creditors for goods or services received but not yet paid for.

Equipment

Tangible personal property that is used in operations, such as machinery, computers, and furniture, which is not intended for sale.

Closing Entries

At the conclusion of an accounting period, closing entries refer to the journal entries that are recorded to move the balances from temporary accounts to permanent accounts, which helps in getting the accounts ready for the upcoming period.

Classified Balance Sheet

A balance sheet that organizes assets and liabilities into subcategories such as current and long-term.