Consider Three Drinking Glasses

question 48

Multiple Choice

Consider three drinking glasses. All three have the same area base, and all three are filled to the same depth with water. Glass A is cylindrical. Glass B is wider at the top than at the bottom, and so holds more water than A. Glass C is narrower at the top than at the bottom, and so holds less water than A. Which glass has the greatest liquid pressure at the bottom?

• A) Glass A
• B) Glass B
• C) Glass C
• D) All three have equal non-zero pressure at the bottom.
• E) All three have zero pressure at the bottom.

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Definitions:

FIFO System

"First In, First Out," an inventory valuation method where goods purchased or produced first are sold or used first.

Goodwill Impairment

A decrease in the value of goodwill on a company's balance sheet, indicating that the value of an acquired entity has declined.

Statement of Consolidated Retained Earnings

A financial statement that shows the total amount of retained earnings, adjusted for dividends and other changes, for a parent company and its subsidiaries.

FIFO System

"First In, First Out," an inventory valuation method where the costs of the earliest goods purchased are the first to be recognized in determining cost of goods sold.