Reduction Involves Which of the Following

question 106

Multiple Choice

Reduction involves which of the following?
1.Loss of electron(s) .
2.Gain of electron(s) .
3.Decrease in oxidation state.

• A)1 only
• B)2 only
• C)3 only
• D)1 and 2 only
• E)2 and 3 only

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Definitions:

Imputed Interest

The theoretical interest deducted or accrued on obligations not explicitly stating an interest rate, used for tax and accounting purposes to reflect the true cost or value of the financial instruments.

Net Realizable Value

The estimated selling price of an asset in the ordinary course of business minus any costs associated with its sale or disposal.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting and reporting in the U.S.

Receivables Growth

An increase in the amount of money owed to a company by its customers for goods or services delivered on credit.