Which of the Following Statements Is True

question 85

Multiple Choice

Which of the following statements is true?

• A)Aerobic and anaerobic bacteria decay organic matter.
• B)Anaerobic bacteria only function in the presence of oxygen.
• C)Aerobic bacteria produce oxygen as one of their decomposition products.
• D)Aerobic bacteria produce bad smelling compounds.
• E)all of the above

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Definitions:

Ordinary Loss

A loss incurred in the normal operation of a business that can be used to offset other types of income for tax purposes.

Interest Income

Earnings from investment in interest-bearing financial instruments, such as savings accounts, CDs, or bonds.

FMV

Fair Market Value (FMV) is the estimated price that an asset would sell for on the open market between a willing buyer and a willing seller.

Basis

The initial cost of an asset, adjusted for factors such as depreciation or improvements, used to calculate capital gains or losses for tax purposes.