Which of the Following Represents a Physical Change Only

question 17

Multiple Choice

Which of the following represents a physical change only?

• A) steel turning to rust in salt air
• B) liquid water freezing into ice cubes
• C) milk turning "sour"
• D) wood burning to form ashes

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Definitions:

Unrealized Holding Gain/Loss

Gains or losses on investments that have not yet been sold, and thus the gain or loss has not been "realized."

Other Comprehensive Income

Revenues, expenses, gains, and losses that are not included in net income, but affect shareholders' equity.

Unrealized Loss

A decline in worth due to the possession of an asset that has depreciated in value, yet remains unsold.

Net Income

The total profit of a company after all expenses, including taxes and operating costs, are subtracted from total revenue.