Component Percentages Indicate the Relative Size of Each Item Included

question 119

Multiple Choice

Component percentages indicate the relative size of each item included in a total. Which of the following statements is true?

• A) Income statement items are expressed as a percentage of profit and balance sheet items as a percentage of total assets.
• B) Income statement items are expressed as a percentage of sales and balance sheet items as a percentage of total assets.
• C) Income statement items are expressed as a percentage of profit and balance sheet items as a percentage of net worth.
• D) Both income statement and balance sheet items are expressed as a percentage of net worth.

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Definitions:

Prokaryotes

Single-celled organisms that lack a nucleus and other membrane-bound organelles, generally including bacteria and archaea.

DNA Ligase

Enzyme that links DNA fragments; used during production of recombinant DNA to join foreign DNA to vector DNA.

Recombinant DNA Technology

A set of biotechnological techniques for manipulating DNA sequences to produce genetically modified organisms for diverse applications.

Restriction Enzyme

Bacterial enzyme that stops viral reproduction by cleaving viral DNA; used to cut DNA at specific points during production of recombinant DNA.