Which of the Following Statements Is FALSE

question 57

Multiple Choice

Which of the following statements is FALSE?

• A) Most bacteria are capable of using ammonia as their sole nitrogen source.
• B) Some bacteria are able to use nitrates or nitrogen gas as their nitrogen source.
• C) Most available nitrogen is in organic forms.
• D) Nitrogen is a major component of proteins and nucleic acids.

Apply and distinguish between initial value, equity, and partial equity accounting methods for investments.

Recognize and measure contingent consideration in business combinations.

Understand and account for fair value adjustments to assets and liabilities in a business combination.

Recognize and measure impairment of goodwill and other intangible assets.

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Definitions:

Consumerism

The activities that independent individuals, groups, and organizations undertake to protect their rights as consumers.

Civil Rights

The rights of citizens to political and social freedom and equality, often protected by law.