What Is a Closed System, and Why Is It Necessary

question 89

Essay

What is a closed system, and why is it necessary for a rock or mineral being dated to be a closed system? What is the result if it is not a closed system?

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Definitions:

Corporations

Business entities that are legally recognized as individual entities, separate and distinct from their owners.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Earnings Distributed

Refers to the portion of a company's net income that is paid out to shareholders as dividends.

Accumulated Earnings

The total net income retained in a company for growth, expansion, and/ or reserve purposes, not distributed as dividends.