Iron Is Important in the Body Because It Is

question 30

Multiple Choice

Iron is important in the body because it is:

• A) needed for blood clotting.
• B) an integral part of bones and teeth.
• C) an antioxidant.
• D) an integral constituent of hemoglobin.
• E) necessary for digestion of protein.

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Definitions:

FIFO

An inventory valuation method where the first items placed into inventory are the first ones sold; stands for First-In, First-Out.

Inventory Costing

The method used to assign costs to inventory, affecting the cost of goods sold and ending inventory valuations.

Ending Inventory

The total value of all inventory that a company has in stock at the end of an accounting period.

Liabilities

Financial obligations or debts owed by a company to creditors, typically classified as either current or long-term.