Extracellular Fluid

question 109

Multiple Choice

Extracellular fluid

• A) constitutes a greater percentage of total body water than does intracellular fluid.
• B) osmolarity must be regulated to prevent an acid-base imbalance because the hydrogen ions might become too concentrated or too dilute in the body fluids.
• C) volume must be regulated to prevent the cells from swelling or shrinking.
• D) is composed of interstitial and intracellular fluids
• E) none of the above

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Definitions:

Revenue Recognition

The accounting principle that dictates the conditions under which revenue is recognized and how to measure the amount to be recorded.

Percentage-Of-Completion Method

An accounting method that recognizes revenues and expenses of long-term projects proportionately with the degree of completion.

IFRS

International Financial Reporting Standards; a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.

Contract Revenue

Revenue recognized by a company from contracts for the sale of goods or services, often recognized over the period of the contract based on the completion or delivery of services/goods.