Characterize EACH of the Following Statements as Being TRUE or FALSE

question 64

Multiple Choice

Characterize EACH of the following statements as being TRUE or FALSE and then indicate the collective true-false status using the choices provided. (1) The sum of the mass number and the atomic number for an atom corresponds to the total number of subatomic particles present in the atom.
(2) The element sulfur is both a nonmetal and a representative element.
(3) Elements with electron configurations that end in p⁴ would be found in group VIA of the periodic table.

• 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.

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Definitions:

Long-Term Investment

Assets purchased by a company that are intended to be held for more than one year for the purpose of earning returns on the investment over time.

Outstanding Stock

Shares of a corporation that have been issued and are currently held by investors, including public shareholders and company insiders.

Consolidation Method

A method of accounting used to combine the financial statements of subsidiary companies with those of the parent company, presenting it as one economic entity.

Equity Method

An accounting technique used by firms to assess the profits earned by their investments in other companies, where the investment income is proportional to their ownership share.