Some Floating Plastic Toys Were Released Accidentally in the Pacific

question 22

Multiple Choice

Some floating plastic toys were released accidentally in the Pacific Ocean in 1992 and were seen in the North Atlantic in 2000 near where the Titanic sank off Newfoundland.Given the general ocean currents in the Atlantic,where would you most likely expect these toys to appear next?

• A) on the east coast of South America
• B) on the west coast of southern Africa
• C) on the west coast of Britain
• D) in the Caribbean Ocean

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Definitions:

GAAP

An aggregation of universally recognized rules and standards in accounting for presenting financial information.

Non-Interest-Bearing Note

A type of promissory note that does not accrue interest over its life, with the borrower repaying only the principal amount borrowed.

Net Carrying Value

The current book value of an asset or company after subtracting total liabilities from total assets.