Inventory is reported as a current asset on the company's balance sheet. Inventory is a significant asset that needs to be monitored closely. Too much inventory can result in cash flow problems, additional expenses (e.g., storage, insurance), and losses if the items become obsolete.nventory is reported as a current asset on the company's balance sheet. Inventory is a significant asset that needs to be monitored closely. Too much inventory can result in cash flow problems, additional expenses (e.g., storage, insurance), and losses if the items become obsolete.
Igneous rocks are created from the cooling and hardening of magma. Metamorphic rocks are formed by existing rocks being subjected to heat or pressure. Sedimentary rocks are formed by the breaking up of other rocks into small particles, and then being deposited and later lithifying (hardening into rocks).gneous rocks are created from the cooling and hardening of magma. Metamorphic rocks are formed by existing rocks being subjected to heat or pressure. Sedimentary rocks are formed by the breaking up of other rocks into small particles, and then being deposited and later lithifying (hardening into rocks).
Nonconformity When igneous or metamorphic rocks are eroded and then covered by younger sedimentary rocks, the contact is called a nonconformity. One of the most famous of these is found in the Grand Canyon, where the oldest sedimentary rocks are more than a billion years younger than the 1.6 billion-year-old metamorphic rocks on which they rest.