Which of the Following Statements Concerning Cellular Metabolism Is FALSE

question 75

Multiple Choice

Which of the following statements concerning cellular metabolism is FALSE?

• A) Energy obtained from nutrients or light is stored in the bonds of ATP.
• B) Enzymes are used in both catabolic and anabolic reactions.
• C) Macromolecules are converted into cell structures via catabolism.
• D) The goal of metabolism is reproduction of the organism.
• E) ATP is used in the formation of macromolecules.

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Definitions:

Allowance for Doubtful Accounts

A contra-asset account that represents the amount of receivables a company does not expect to actually collect.

Bad Debts Expense

An expense account reflecting the cost of accounts receivable that a company does not expect to collect due to customer defaults.

Allowance Method

An accounting technique used to account for bad debts by estimating and recording uncollectible accounts receivable.

Outstanding Receivables

The total amount of money owed to a company by its customers for goods or services delivered but not yet paid for.