What Are the Four Requirements Necessary to Classify a Solid

question 34

Essay

What are the four requirements necessary to classify a solid material as a mineral?

---

Definitions:

Dividends Paid

The portion of a company's earnings distributed to its shareholders as a return on their investment.

Consolidation Adjustments

Journal entries made to eliminate the effects of intercompany transactions when preparing consolidated financial statements.

Temporary Differences

These are differences between the book value of assets and liabilities and their tax values that will result in taxable or deductible amounts in the future.

Depreciable Assets

Long-term assets subject to a reduction in value over time due to usage, wear and tear, or obsolescence.