Which of the Following Is a True Statement

question 50

Multiple Choice

Which of the following is a true statement?

• A) most substances contract when they freeze.
• B) water expands when it freezes.
• C) hydrogen bonding is related to water's tendency to expand as it freezes.
• D) all of these are true

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Definitions:

Interest Revenue

Income earned from lending money or investing in interest-bearing financial instruments, recorded in the income statement.

Average Collection Period

The average time it takes for a company to receive payments owed by its customers.

Net Sales

Revenue from sales after deducting returns, allowances for damaged goods, and discounts.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered on credit.