Use the Following to Answer the Questions Below

question 21

Multiple Choice

Use the following to answer the questions below:
For each of the structural characterizations, select a correct response from the response list. Responses may be used more than once or need not be used at all.

-Are also known as triacylglycerols and triglycerides

• A) fats but not oils
• B) oils but not fats
• C) both fats and oils
• D) neither fats nor oils

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Definitions:

Accrued Interest

The interest that has been earned but not yet paid, accumulating on loans or bonds over a period of time.

Prepaid Insurance

A type of prepaid item representing insurance coverage paid for upfront before the coverage period begins.

Office Supplies

Office supplies include items used in offices on a regular basis for tasks or maintenance, like paper, pens, and cleaning products.

Adjusting Entry

A journal entry made at the end of an accounting period to allocate income and expenditure to the correct period.