Natural Glass Is NOT Considered a Mineral Because It ____________

question 55

Multiple Choice

Natural glass is NOT considered a mineral because it ____________.

• A) is not produced by geologic processes
• B) is organic
• C) does not have an organized crystalline structure
• D) can be made synthetically as well as being a naturally occurring substance

---

Definitions:

Deferred Tax Liabilities

Taxes that are assessed or incurred but not yet paid, typically resulting from timing differences in recognizing revenue and expenses for tax and accounting purposes.

Taxable Income

The amount of income subject to taxes, calculated by adjusting gross income by various deductions, exemptions, and adjustments specified by tax laws.

Book Income

Book income is a company's financial income as reported in the financial statements, adhering to the rules of accounting, before any tax adjustments.

Loss Carryback

An accounting technique that allows businesses to apply current year’s net operating losses to previous years’ profits to reduce tax liabilities.