When Gas Escapes Quickly and Violently from Lava It May

question 37

True/False

When gas escapes quickly and violently from lava it may produce a frothy glass full of holes left by former gas bubbles;this porous material,known as pumice,contains so many holes it can float on water.

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Definitions:

Cost Or Market

An accounting principle that states inventory should be recorded at either its historical cost or market value, whichever is lower.

Replacement Cost

The cost to replace an asset with another of similar quality and functionality at current market prices.

Cost Of Completion

the estimated total expense required to finish a project, product, or service, often used in budgeting and financial projection.

Normal Profit

The minimum profit necessary for a company to remain competitive in its market, covering its opportunity costs.