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
Definition of Asset valuation reserve (avr). CENTURY 21 North Homes Realty, Inc. Explicit liability reserve, required by the national association of insurance commissioners (naic), established for all invested asset classes. Specific reserves are established for real estate and mortgages. In essence, the purpose of this reserve is to provide a back-up sum for potential equity and credit losses. To accomplish this objective, reserves are maintained for stocks, bonds, real estate, mortgages, and similar types of invested assets.