Use the Following to Answer the Questions Below

question 17

Multiple Choice

Use the following to answer the questions below:
In each of the following multiple-choice questions, 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:
-Statements: (1) The conversion of glucose 6-phosphate to glucose does not occur in muscle and brain cells.
(2) The two triose phosphates initially formed in glycolysis are dihydroxyacetone phosphate and glyceraldehyde 3-phosphate.
(3) ATP production during glycolysis occurs via substrate-level phosphorylation.

• 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:

Direct Method

An accounting approach for preparing the cash flow statement where operating cash receipts and payments are listed directly.

Inventories

are stocks of goods and materials held by a business in anticipation of future sales or production needs.

Sales Revenue

The total amount of money generated by the sale of goods or services before any costs or expenses are deducted.

Direct Method

An approach to preparing the cash flow statement where actual cash flow information from operating activities is used.