Which of the Following Is True About the Following Equation

question 38

Multiple Choice

Which of the following is true about the following equation: Mg + O₂ → 2 MgO ?

• A)Magnesium is oxidized.
• B)The oxidation of magnesium in MgO is +2.
• C)Oxygen is reduced.
• D)All of the above are true.

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Definitions:

Investment Property

Real estate property that has been purchased with the intention of earning a return on the investment through rental income, the future resale of the property, or both.

AASB 140

The Australian Accounting Standards Board regulation relating to the accounting for investment property.

IAS 40

A standard issued by the International Accounting Standards Board related to the accounting for investment property.

AASB 116

An Australian Accounting Standards Board standard detailing the accounting treatment for property, plant, and equipment.