Lactic Acidosis

question 26

Multiple Choice

Lactic acidosis

• A)is caused only by rapid and incomplete catabolism of fatty acids.
• B)is accompanied by the formation of large amounts of ATP.
• C)develops in response to prolonged anaerobic catabolism.
• D)is caused only by extreme exercise characterized by muscle soreness.

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Definitions:

External Transactions

Financial transactions between a business and an outside party, which can include buying from or selling to another company.

Retained Earnings

The portion of net income that is not distributed to shareholders as dividends, but rather kept by the company for reinvestment in its operations or to pay debt.

Closing Process

The accounting procedures used to close out business accounts at the end of an accounting period.

Income Summary Account

A temporary ledger account used during the closing process that accumulates revenues and expenses before transferring the net amount to the capital or retained earnings account.