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
Equity is defined as the owner's interest in the company assets. In other words, upon liquidation after all the liabilities are paid off, the shareholders own the remaining assets. This is why equity is often referred to as net assets or assets minus liabilities. Equity can be created by either owner contributions or by the company retaining its profits.