Characterize EACH of the Three Given Statements as Being TRUE

question 13

Multiple Choice

Characterize EACH of the three given statements as being TRUE or FALSE and then indicate the collective true-false status of the statements using the choices: (1) An atom with the electron configuration 1s²2s²2p² possesses two valence electrons.
(2) The formula of the ionic compounds that contains Ba²⁺ and N^3- ions is Ba₂N₃.
(3) The polyatomic ions nitrate and azide are both tetraatomic entities.

• A) All three statements are true.
• B) Two of the three statements are true.
• C) Only one of the statements is true.
• D) None of the statements is true.

---

Definitions:

Adjusting Entries

At the end of an accounting interval, journal entries are made for the allocation of profits and expenses to the time frame in which they were genuinely incurred.

Prepaid Expenses

Payments made in advance for goods or services that will be used in the future, recorded as assets on the balance sheet until they are consumed.

Accrued Salaries

Salaries that have been incurred (earned by employees) but not yet paid by the employer.

Estimated Depreciation

The projection of an asset’s decrease in value over time due to wear and use, used for accounting and tax purposes.