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Three blocks,labeled A,B,and C,are floating in water as shown in the drawing.Blocks A and B have the same mass and volume.Block C has the same volume,but is submerged to a greater depth than the other two blocks.Which one of the following statements concerning this situation is false?
EBIT
Earnings Before Interest and Taxes - a measure of a firm's profitability that excludes interest and income tax expenses.
Accounts Payable
Liabilities representing amounts owed by a company to suppliers for goods and services received but not yet paid for.
Liability
A financial obligation or debt that an individual or company owes, which is required to be paid to creditors.
Manufacturing Firm
A company engaged in the transformation of raw materials, components, or parts into finished goods that meet a market's demand.
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