John Contributed $6,000 to the Business by Opening a Bank

question 85

True/False

John contributed $6,000 to the business by opening a bank account in the name of the business,United Internists.The corporation issued common stock to John.This transaction results in an increase in the assets of the business.

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Definitions:

Reactivity

A measure of how readily a substance undergoes a chemical reaction with other substances.

Primary Iodides

Organic compounds where an iodine atom is bound to a primary carbon, typically involved in nucleophilic substitution reactions.

Nucleophilicity

A measure of the ability of a chemical species to donate an electron pair to an electrophile, thus forming a chemical bond.

Hydroxylic Solvents

Solvents that contain -OH groups and can participate in hydrogen bonding, affecting solubility and reaction outcomes.