Each of the Following Is a Function of the Liver

question 154

Multiple Choice

Each of the following is a function of the liver except

• A) synthesis and secretion of bile.
• B) antibody production.
• C) synthesis of plasma proteins.
• D) inactivation of toxins.
• E) storage of glycogen and iron reserves.

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Definitions:

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated as beginning inventory plus purchases minus cost of goods sold.

Net Realizable Value

The estimated selling price in the ordinary course of business, minus the estimated costs necessary to make the sale.

Inventory Purposes

The reasons for keeping stock of goods in a business, typically for sale, production, or avoiding stockouts.

Direct Costs

Expenses that can be directly traced to a product or service, such as materials and labor.