The Most Common Rock-Forming Minerals in the Crust Are

question 40

Multiple Choice

The most common rock-forming minerals in the crust are

• A)carbonates.
• B)oxides.
• C)silicates.
• D)sulfides.

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Definitions:

Allowance Method

The Allowance Method is an accounting technique that estimates and accounts for doubtful accounts, reducing the accounts receivable to its net realizable value.

Going Concern Assumption

An accounting principle assuming that an entity will continue to operate for the foreseeable future.

Direct Method

An approach to preparing the cash flow statement where actual cash flows from operating activities are listed.

Lower of Cost

An accounting rule where inventory is recorded at the lower of either its acquisition cost or market value at reporting time.