Clay Minerals Within a Buried Body of Slate Are Recrystallized

question 36

Multiple Choice

Clay minerals within a buried body of slate are recrystallized at high temperatures and pressures to form mica,producing a rock called phyllite.This is an example of

• A) diagenesis.
• B) erosion.
• C) metamorphism.
• D) weathering.

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Definitions:

Goodwill

An intangible asset that arises when a buyer acquires an existing business at a price higher than the fair market value of its net identifiable assets.

Fair Market Value

is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Identifiable Assets

Assets that can be separately identified and valued in a business combination, distinguishable from goodwill.

FIFO System

First-In, First-Out method, an inventory valuation strategy where the oldest items are sold or used first.