Groundwater in an Aquifer Is Sometimes Called Fossil Water Because

question 7

Multiple Choice

Groundwater in an aquifer is sometimes called fossil water because

• A) the water has been in the aquifer for thousands of years.
• B) the water is not being replenished at anywhere near the same rate as when it formed.
• C) tiny microorganisms living in the aquifer are living fossils.
• D) the water has been in the aquifer for a long time and is not being rapidly replenished.

---

Definitions:

Financial Asset

Any asset that is cash, an equity instrument of another entity, or a contractual right to receive cash or another financial asset.

Contractual Rights

Rights granted to an individual or entity based on the terms of a contract.

Derecognition

The process of removing a financial asset or liability from a company's financial statements, usually because it has been sold, repaid, or no longer meets the criteria for recognition.

Financial Liability

An obligation to transfer cash or other resources as a result of past transactions or events.