Which of the Following Statements Is FALSE

question 29

Multiple Choice

Which of the following statements is FALSE?

• A)Water can hold an unlimited amount of oxygen.
• B)Water can hold less oxygen than air can.
• C)Underwater organisms need oxygen.
• D)A small decrease in dissolved oxygen can have an effect on aquatic life.
• E)Underwater organisms use oxygen in cellular respiration.

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Definitions:

Ages Receivables

A method of categorizing accounts receivable according to the length of time an invoice has been outstanding.

Gross Accounts Receivable Approach

A method to estimate the total amount of receivables, including both collected and still outstanding payments.

Unadjusted Year End

The conclusion of a fiscal year before any adjustments are made for accounting purposes, such as accruals or deferrals.

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.