Which of the Following Is NOT True of the Formation

question 37

Multiple Choice

Which of the following is NOT true of the formation of a lipid emulsion ?

• A) facilitates digestion of fat by lipase
• B) is accomplished by bile salts
• C) takes place in the stomach

---

Definitions:

Quick Assets

Those assets— mainly cash, accounts receivable, and notes receivable—that can be easily turned into cash.

Current Liabilities

Obligations that will come due within one year or within the operating cycle, whichever is longer.

Common-Size Income Statement

A common-size income statement presents all line items as a percentage of revenue, allowing for easier comparison across companies and time periods by standardizing financial statements.

Net Sales

The revenue from sales after deducting returns, allowances for damaged or missing goods, and discounts.