Which Correctly Describes Functions of Protein C

question 79

Multiple Choice

Which correctly describes functions of protein C?

• A)It activates platelets and converts prothrombin to thrombin.
• B)It activates clotting factor XII and platelets.
• C)It binds to tissue factor and activates clotting factor VII.
• D)It inactivates thrombin and converts fibrinogen to fibrin.
• E)It inhibits clot formation and inactivates factors Va and VIIIa.

Understand the concept of full depreciation and its implications for asset book value.

Recognize the relevance and application of the Modified Accelerated Cost Recovery System (MACRS) in depreciation.

Understand the considerations for selecting a depreciation method based on asset usage and financial reporting goals.

Identify the tax considerations and regulations related to depreciation, including MACRS guidelines.

---

Definitions:

Net Operating Income

The profit a company makes after deducting operating expenses from gross income, excluding interest and taxes.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product cost calculations, excluding fixed overhead.

Break-Even Sales

The amount of revenue from sales at which a business covers its costs, without making a profit or incurring a loss.

Common Fixed Expenses

Overheads that are consistent in amount across different business segments, departments, or products.