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Which of the following statements is/are CORRECT?
1) For a chemical system,if the reaction quotient (Q) is greater than K,reactant must be converted to products to reach equilibrium.
2) For a chemical system at equilibrium,the forward and reverse rates of reaction are equal.
3) For a chemical system at equilibrium,the concentrations of products divided by the concentrations of reactants equals one.
Equity Securities
Financial instruments representing ownership interest in a company, such as stocks.
Available-for-Sale Debt Securities
Financial assets acquired primarily for selling in the short term but may be held for a longer period, reported at fair market value on balance sheets.
Premiums
Additional amounts paid over the normal cost or face value, often relating to insurance costs or bond prices.
Amortized
The gradual reduction of a debt over a period of time through regular payments that cover both principal and interest.
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