Match Each of the Acids with a Use or Alternative

question 72

Multiple Choice

Match each of the acids with a use or alternative name.
-nitric acid

• A)used to dissolve metals
• B)found in lemons
• C)used to clean steel, also known as muriatic acid
• D)used in car batteries
• E)used to etch glass
• F)is the active ingredient in vinegar

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Definitions:

Recognition and Measurement

The principles that determine the timing and amount at which elements of financial statements are recorded.

Elements

Fundamental components or constituents of something, often referred to in the context of abstract concepts, compounds, or a set of parts.

Qualitative Characteristics

These are the attributes that make the information provided in financial statements useful to users.

Understandability

A characteristic of financial information that makes it comprehensible to those with a reasonable knowledge of business and economic activities.