Which of the Following Is Not True of ATP

question 31

Multiple Choice

Which of the following is not true of ATP?

• A) It is a high-energy substance.
• B) It is formed by the synthesis of ADP and phosphate.
• C) It releases energy when split.
• D) It cannot be recycled after it is broken down.

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Definitions:

Physical Inventory

The process of counting and verifying the actual quantities of merchandise or goods in stock, typically performed at the end of an accounting period.

Cost Flow Assumption

The method by which a company values and moves its costs (such as FIFO, LIFO) to determine the cost of goods sold and ending inventory valuation.

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from total revenue; also known as net profit.

Inventory System

A method for keeping track of the quantity, location, and status of goods a company has in stock.