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Define bonding, ionic bonding, and covalent bonding. Why is bonding important in the formation of minerals?
Stockholders' Equity
The residual interest in the assets of a corporation after deducting liabilities, representing the owners' claim on the business assets.
Assets
Economic resources owned or controlled by a business, expected to provide future benefits.
Monetary Unit Assumption
An accounting principle that assumes all transactions and financial statements are recorded in a single currency.
Cost Principle
An accounting principle that states all goods and services purchased by a business should be recorded at their cost price, rather than their current market value.
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