Lithifies Can Be Defined As

question 101

Multiple Choice

Lithifies can be defined as:

• A) loose sediment hardens into sedimentary rock
• B) loose sediment breaks off of sedimentary rocks
• C) sediment settles from the water column

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Definitions:

Discount

A reduction applied to the normal selling price of goods or services, typically for the purpose of enticing customers or accelerating sales.

Journal Entry

A record in accounting that represents a transaction or adjustment affecting at least two accounts, which is necessary to keep the financial statements accurate.

Effective-Interest Method

An accounting technique used to amortize the discount or premium on bonds payable or receivable over the life of the bond, reflecting the bond's yield.