Matter Quality Is a Measure of How Useful a Form

question 80

Short Answer

Matter quality is a measure of how useful a form of matter is to humans as a resource and is based on its _______________ and _______________ in a given area or volume.

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Definitions:

Accrued Interest Expense

The amount of interest that has been incurred but not yet paid during a particular period.

Adjustments

Entries made in accounting records to correct errors or allocate revenues and expenses to the appropriate accounting period.

Depreciation

The procedure of distributing the cost of a solid asset over the time it is considered useful.

Accrual Basis

A system in bookkeeping where earnings and expenses are documented at the point of transaction, not necessarily when cash exchanges hands.