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Copper reacts with nitric acid as given in the following reaction. Predict the effect of the given change on the rate of the reaction by filling in the blank with one of the following terms.
increase
decrease
no effect
-The concentration of the nitric acid is increased. ______________________
Financial Statements
Documents that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.
Journalized
The process of recording transactions in a journal before they are posted to the general ledger in accounting.
Income Summary Account
A temporary account used in the closing process that aggregates all income and expense accounts to determine net income or loss for a period.
Permanent Account
An account in the general ledger that carries its ending balance over to the next accounting period, such as assets, liabilities, and equity accounts.
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