Pascal's Principle Applies to

question 61

Multiple Choice

Pascal's principle applies to

• A)liquids.
• B)gases.
• C)both of these
• D)neither of these

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Definitions:

Years

A unit of time used in various financial calculations, such as the amortization of assets or the term of investments.

Retired

Indicates assets taken out of service or policies terminated.

Unamortized Discount

The portion of the bond discount that has not yet been expensed in the income statement over the bond's life.

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its purchase price or adjusted basis, could be positive (gain) or negative (loss).