Which of the Following Can Be Predicted from the Law

question 69

Multiple Choice

Which of the following can be predicted from the law of mass action?
I. At equilibrium, the ratio of concentrations of products to reactants, each raised to a power corresponding to the stoichiometric coefficient in the balanced reaction equation, will have a constant value at a given temperature.
II. The direction of the reaction given values for the reactant and product concentrations and the equilibrium constant.
III. The rate at which reactants will be turned into products.

• A) I only
• B) II only
• C) III only
• D) I and II
• E) I and III

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Definitions:

Recognizing Revenue

The process of recording revenue in the accounting records once it is earned and realizable, in accordance with relevant accounting standards.

Performance Obligation

A commitment in a contract to transfer a good or service to a customer, for which a company must satisfy to recognize revenue.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) used globally to prepare public company financial statements.