The Difference in Electrical Charge Between Two Points

question 73

Multiple Choice

The difference in electrical charge between two points

• A)is called the potential difference between those points.
• B)is called the diffusion potential between those points.
• C)is called the current,and is expressed in the units of millimoles.
• D)is the same for all ions.

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Definitions:

Interest Payable

The amount of interest that has been incurred on borrowed funds that a company must pay, typically represented as a current liability on the balance sheet.

Effective Interest Method

An accounting technique used to allocate the interest expense of a bond evenly over its life, based on the bond's carrying value.

Premium Bond

A bond sold for more than its face value, where the bond's coupon rate is higher than the prevailing market rate of interest.

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement.