A Block of Wood Has Density 0

question 44

Multiple Choice

A block of wood has density 0.50 g/cm³ and mass 2250g.It floats in a container of oil (the oil's density is 0.75 g/cm³) .What volume of oil does the wood displace?

• A) 3000 cm³
• B) 2250 cm³
• C) 1500 cm³
• D) 1000 cm³

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Definitions:

GASB Concepts Statement No. 1

A framework provided by the Governmental Accounting Standards Board outlining objectives and concepts for general purpose external financial reporting by state and local governments.

Fund Balance Categories

Classification of fund balances in governmental accounting that indicates the extent to which spendable resources are subject to external restrictions or are designated for specific purposes.

GASB

The Governmental Accounting Standards Board, which establishes accounting standards for state and local governments in the United States.

Monetary Transfers

Financial transactions that involve the movement of money from one party to another, which can be domestic or international in nature.