All of the Following Statements Are True EXCEPT

question 1

Multiple Choice

All of the following statements are true EXCEPT:

• A) new batteries with cell caps are sometimes shipped dry, requiring the addition of electrolyte.
• B) electrolyte, which is approximately 75% acid and 25% water (by volume), is shipped in a large plastic bag inside a sturdy cardboard box.
• C) after filling a dry battery, allow it to sit for at least 15 minutes so that the plates can soak up the electrolyte.
• D) concentrated acid can damage your eyes, burn skin, and destroy clothes.

---

Definitions:

Cost of Goods Sold

The direct expenses tied to the production of goods sold by a company, including material, labor, and overhead costs, directly affecting gross profit.

Accounts Payable

A liability representing an amount owed by an entity to its creditors/suppliers for goods and services purchased on credit.

Accumulated Other Comprehensive Income

A section of equity that captures unrealized gains and losses affecting shareholders' equity not included in net income.

Financing Activities

Transactions and events where a company either raises funds through borrowing or repaying debts, or issues and repurchases its own shares.