In a Blast Furnace, Elemental Iron Is Produced from a Mixture

question 21

Multiple Choice

In a blast furnace, elemental iron is produced from a mixture of coke (C) , iron ore (Fe₃O₄) , and other reactants. An important reaction sequence is 2C(s) + O₂(g) → 2CO(g)
Fe₃O₄(s) + 4CO(g) → 3Fe(l) + 4CO₂(g)
How many moles of iron can be formed in this sequence when 1.00 mol of carbon, as coke, is consumed?

• A)6.00 mol Fe
• B)3.00 mol Fe
• C)1.33 mol Fe
• D)1.25 mol Fe
• E)0.750 mol Fe

Recognize the impact of inventory errors on financial statements.

Understand the effects of inventory valuation methods (FIFO, LIFO, Average Cost) on financial outcomes.

Analyze the impact of ending inventory adjustments on the subsequent period’s net income.

Understand the accounting treatment and financial presentation of quantity and purchase discounts.

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