Examlex
__________ is the process where oxygen and water react with metallic elements in minerals, making the minerals unstable and causing the rock to degrade in strength and eventually crumble into smaller particles.
Owner's Equity
The residual interest in the assets of a business after deducting its liabilities, representing the owners' share of the company's resources.
Liabilities
Financial obligations or debts that a company or individual owes, which must be settled over time.
Balance Sheet
A statement presenting a company’s financial standing, including details on assets, liabilities, and equity held by shareholders, at a particular point in time.
Total Assets
Total assets represent the sum of all resources owned by a company, valued in monetary terms, and listed on its balance sheet, including both current and non-current assets.
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