In Its Reaction with Water, Ammonia (NH₃) ________

question 113

Multiple Choice

In its reaction with water, ammonia (NH₃) ________

• A)acts as an acid.
• B)acts as a base.
• C)acts neither as an acid nor as a base.
• D)serves as both an acid and as a base.
• E)causes a precipitate to form.

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Definitions:

Unearned Rent

Refers to the amount received by a landlord for rent which has not yet been earned because the rental period has not occurred.

Rent Revenue

Income received from leasing out property or equipment to another party for a specified term.

Adjusting Entry

An accounting entry made into the books of accounts at the end of an accounting period to record any unrecognized income or expenses for that period.

Unearned Rent

Income received in advance for rental periods that have not yet occurred, recognized as a liability until the service period is completed.