For the Following Reaction, Which Reactant Functions as a Base

question 8

Multiple Choice

For the following reaction, which reactant functions as a base?

• A) I
• B) II
• C) neither

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Definitions:

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.

Direct Method

A way of reporting cash flows from operating activities by showing major classes of gross cash receipts and payments.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding direct material and labor costs.