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The reduction potentials for Au3+ and Ni2+ are as follows:
Au3+ + 3e- → Au E° = +1.50 V
Ni2+ + 2e- → Ni E° = -0.23 V
Calculate ΔG° (at 25°C) for the reaction
2Au3+ + 3Ni → 3Ni2+ + 2Au
Accounts
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Accrual Accounting
An accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash transactions occur.
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The act of documenting income generated from normal business operations, such as sales of goods or services, in the financial records.
Vertical Analysis
A financial analysis method in which each entry for each of the three major categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.
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