Which Statement Is Not True

question 42

Multiple Choice

Which statement is not true?

• A)Lipids are found in cell membranes.
• B)Lipids are soluble in organic solvents.
• C)There are many different types of lipids.
• D)All lipids contain fatty acids.
• E)Some hormones are lipids.

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Definitions:

Merchandise Inventories

Goods purchased and held for resale by a business, including products available for sale and items in the process of production for sale.

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operating activities is used, as opposed to the indirect method.

Accounts Payable

Short-term liabilities owed to suppliers or creditors for goods and services received but not yet paid for.

Financing Activities

Refers to the transactions and events through which a business raises funds to operate and expand, including issuing shares, taking on loans, or issuing bonds.