The uniform stacking of layers of nacre below the surface of the shell also causes interference effects that contribute to the iridescent colors. The pearl derives its iridescence from the diffraction and interference of white light, caused by tiny overlapping platelets of calcium carbonate.
like assets many liabilities are intuitive however there may be some instances where a liability needs to be recorded although the company may not have perceived it as one an example of this would be a finance lease where there is no present obligation to pay the future lease payments
in financial accounting owner s equity consists of the net assets of an entity net assets is the difference between the total assets and total liabilities equity appears on the balance sheet also known as the statement of financial position one of the four primary financial statements