Which of the Following Statements About Chemistry Is NOT True

question 82

Multiple Choice

Which of the following statements about chemistry is NOT true?

• A)Chemistry is an important component of the economy of the United States.
• B)Chemistry affects every area of our daily lives.
• C)Chemical products account for 10% of U.S.exports every year.
• D)All of the above are true.

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Definitions:

U.S. GAAP

United States Generally Accepted Accounting Principles; the framework of accounting standards, rules, and procedures defined by the professional accounting industry in the United States.

Sales Revenue Approach

A method of recognizing revenue based on the sales transactions processed by a company.

Unadjusted Year End

This term refers to the financial results and statements of a company that have not gone through adjustments for various accounting entries at the end of the fiscal year.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals to ensure a company's bookkeeping system is mathematically correct.