Match the Rock with the Appropriate Description

question 128

Multiple Choice

Match the rock with the appropriate description.
-________ foliated, fine-grained metamorphic rock formed from mudstone and shale

• A)hornfels
• B)marble
• C)gneiss
• D)phyllite

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Definitions:

Owner's Equity

The residual interest in the assets of a business after all liabilities are subtracted, representing ownership's claim on assets.

Expenses

Expenses are the outflows or the utilization of assets or incurring of liabilities during a period in the course of generating revenue.

Cash

A liquid asset representing currency or its equivalents that can be used immediately in transactions without any conversion or delay.

Services Rendered

The provision of work performed by one party for another in exchange for compensation.