Definition of Percent Percent is a way to express a fraction or a ratio out of 100. It is denoted by the symbol “%”. For example, 7.5 percent means 7.5 out of 100. Key Facts Definition of percent: Percent is a way to express a fraction or a ratio out…
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Non-Monetary Exchanges: Valuation and Accounting Treatment
Non-monetary exchanges involve the exchange of goods or services without the direct transfer of cash. These transactions can be reciprocal, where two or more parties exchange non-monetary assets, or nonreciprocal, where one party transfers assets to another without receiving anything in return. Non-monetary exchanges raise unique accounting considerations related to…
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Too Much Organic Matter in Soil: Understanding the Implications and Management Strategies
Soil organic matter (SOM) plays a vital role in soil health and plant growth. It provides essential nutrients, supports beneficial soil organisms, enhances soil structure, and improves water retention and nutrient availability. However, excessive organic matter can lead to an imbalance of nutrients in the soil, causing harm to plants…
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Fallow Land: A Sustainable Approach to Soil Management
Fallow land, also known as fallow ground, refers to agricultural land intentionally left unplanted for a period of time, typically ranging from one to five years. This practice of allowing land to rest and regenerate has been employed for centuries by farmers worldwide to maintain soil health, manage pests and…
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Revaluation Surplus: Accounting Treatment and Implications
In the realm of accounting, the concept of revaluation surplus plays a significant role in capturing increases in the fair value of assets. This article delves into the treatment of revaluation surplus under International Financial Reporting Standards (IFRS), explores the recognition of prior losses, and examines the purpose and recording…
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Countertrade: An Overview
Countertrade is a system of exchange in which goods and services are used as payment rather than money. This type of trade is often used when one country lacks sufficient hard currency (i.e., cash) or when other types of market trade are impossible [1]. Countertrading is common among developing countries,…
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Growth Habit of Periwinkle
Periwinkle exhibits a trailing mat, prostrate mat, or mounding mat growth habit. Its stems continue to elongate each year, reaching lengths of many yards. The plant typically grows to a height of about 6 inches. Key Facts Growth Habit: Periwinkle has a trailing mat, prostrate mat, or mounding mat growth…
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Nitrogen and Phosphorus Pollution: A Threat to Water Quality and Human Health
Nitrogen and phosphorus are essential nutrients for plant growth, but when they are present in excessive amounts in water bodies, they can cause a range of adverse effects on the environment and human health. This phenomenon, known as nutrient pollution, is a widespread issue that poses significant challenges to water…
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Potassium: A Vital Macronutrient for Plant Growth and Crop Production
Potassium (K) is a crucial macronutrient required by plants for optimal growth and reproduction, alongside nitrogen (N) and phosphorus (P). Its involvement in various physiological processes makes it essential for efficient crop production. This article delves into the significance of potassium in plants, its functions, and its role in fertilizers,…
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Synthetic Oil vs. Conventional Oil: A Comprehensive Guide
Motor oil plays a crucial role in the longevity and performance of a vehicle’s engine. With advancements in automotive technology, the debate between synthetic and conventional oil has become increasingly relevant. This article delves into the differences between these two types of oil, their advantages and disadvantages, and the factors…
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Why is a Condensate Pump Necessary?
A condensate pump is a crucial component in heating, ventilation, and air conditioning (HVAC) systems, refrigeration systems, and steam systems. Its primary purpose is to remove and pump away the condensate water that accumulates during the operation of these systems. Without a properly functioning condensate pump, several issues can arise,…
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The Canadian Government’s Financial Support to General Motors (GM)
The Canadian and Ontario governments provided substantial financial support to General Motors (GM) during the company’s bankruptcy in 2009. The Canadian government contributed approximately $7.2 billion Canadian dollars to the bailout. The Canadian and Ontario governments collectively held about 175 million shares of GM common stock at one point. Key…
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Charles Keating’s Imprisonment: A Chronicle of Financial Misconduct and its Consequences
Charles Keating, a prominent businessman and financier, gained notoriety for his involvement in the savings and loan crisis of the late 1980s. His actions led to the collapse of Lincoln Savings and Loan Association, resulting in substantial losses for investors and taxpayers. This article delves into the reasons behind Keating’s…
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Kelly Bushing Elevation: A Comprehensive Overview
The kelly bushing is a critical component of drilling rigs, playing a pivotal role in transmitting torque from the rotary table to the kelly, a hollow square or hexagonal pipe used in drilling oil and gas wells. This article delves into the concept of kelly bushing elevation, its significance, and…
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How Does an Engine Consume Oil?
Engine oil consumption is a common issue that can lead to a variety of problems, including decreased engine performance, increased emissions, and premature engine failure. There are several factors that can contribute to oil consumption, including mechanical problems, improperly installed parts, aged oil, and incorrect viscosity. Key Facts Oil consumption…
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The Starburst Symbol on Motor Oil
The starburst symbol on motor oil is a certification mark used by the American Petroleum Institute (API) to indicate that the motor oil meets certain standards. The API’s Engine Oil Licensing and Certification System (EOLCS) is a voluntary program that authorizes engine oil marketers to use the API Engine Oil…
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Unconventional Resources: A Comprehensive Overview
The world’s energy landscape is undergoing a significant transformation, driven by the need for sustainable and environmentally friendly energy sources. Unconventional resources, such as shale gas, shale oil, coal bed methane (CBM), tar sands, and oil shale, have emerged as potential alternatives to conventional fossil fuels. This article explores these…
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Why are My Periwinkles Turning Brown?
Periwinkles, also known as Vinca minor, are popular groundcover plants often used in landscaping due to their evergreen nature and ability to thrive in various conditions. However, these plants can sometimes turn brown, indicating an underlying issue. This article explores the potential causes of periwinkles turning brown and provides recommendations…
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Dual Flush Toilets: A Comprehensive Overview of Water-Saving Efficiency and Functionality
Dual flush toilets have emerged as a sustainable and efficient solution to address the growing concerns about water conservation. This article delves into the intricacies of dual flush toilets, exploring their water-saving capabilities, improved flushing mechanisms, environmental benefits, cost-effectiveness, versatility, and user-friendliness. By examining these aspects, we aim to provide…
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Gas Prices in the United States in 2016: A Comprehensive Analysis
The year 2016 witnessed a significant decline in average gas prices in the United States, reaching their lowest point since 2004. This article delves into the factors contributing to this decline, examines regional variations in gas prices, and highlights key trends observed throughout the year. Key Facts Average U.S. gas…