_________ Is an Example of Something That Has a Basic

question 35

Multiple Choice

_________ is an example of something that has a basic pH.

• A) Tomato Juice
• B) Ammonia
• C) Milk
• D) Saliva
• E) Coffee

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Definitions:

Direct Method

An allocation method that directly assigns service department costs to producing departments without any intermediate allocations.

Direct Method

A way of preparing a cash flow statement where actual cash flows from operating activities are reported instead of adjusting net income for non-cash items.

Prepaid Expenses

Future expenses that have been paid in advance and are accounted for as assets on a balance sheet until they are incurred.

Accrual Basis

An accounting method that records revenues and expenses when they are earned or incurred, regardless of when the cash is actually exchanged.