What Is the Formula of Iron(III)bromide

question 3

Multiple Choice

What is the formula of iron(III) bromide?

• A)Fe(Br₂)3
• B)Fe₃Br
• C)Fe₃Br₃
• D)FeBr₃
• E)Fe₂Br₃

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Definitions:

Acquisition Cost

The total cost incurred to acquire an asset, including purchase price and all expenses directly tied to the acquisition.

Net Price Method

An accounting approach that calculates the cost of goods sold or purchased after deducting any discounts, rebates, or allowances from the gross price.

Gross Price Method

An inventory valuation method that records purchases at the gross invoice price without deducting any cash discounts.

FIFO

FIFO (First-In, First-Out) is an inventory cost valuation method assuming that the oldest items of inventory are sold first and newer inventories last, affecting the cost of goods sold and ending inventory valuation.