Two Life Preservers Have Identical Volumes,but One Is Filled with Styrofoam

question 56

Multiple Choice

Two life preservers have identical volumes,but one is filled with Styrofoam while the other is filled with sand.When the two life preservers are worn by swimmers so that one swimmer floats with part of the preserver above water,and the other swimmer sinks,the buoyant force is actually greater on the life preserver filled with

• A)Styrofoam.
• B)sand.
• C)same

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Definitions:

Qualitative Description

An explanation or characterization of something that focuses on its qualities and characteristics, rather than quantifiable measures.

Contingent Consideration

Usually, an obligation of the acquirer to transfer additional assets or equity interests to the former owners of an acquiree as part of the exchange for control of the acquiree if specified future events occur or conditions are met. However, contingent consideration also may give the acquirer the right to the return of previously transferred consideration if specified conditions are met.

Carrying Amounts

The value at which an asset or liability is recognized in the balance sheet, considering factors like depreciation or amortization.