If the System 3H₂(g) + N₂(g) 2NH₃(g) Is at Equilibrium

question 66

True/False

If the system 3H₂(g) + N₂(g) 2NH₃(g) is at equilibrium and more N₂ is added, a net reaction that consumes some of the added N₂ will occur until a new equilibrium is reached.

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Definitions:

SAB 104

An SEC Staff Accounting Bulletin that provides guidance on revenue recognition to ensure accuracy in financial reporting.

Revenue Recognition

The accounting principle that dictates the process and timing of recognizing revenue in the financial statements, typically when it is earned and realizable.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in a particular jurisdiction, notably the United States.

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Accounting practices where companies set aside reserves during good financial periods to smooth out earnings in future, less favorable periods.