The Peak of Internet Growth, When New "Dot

question 180

Multiple Choice

The peak of Internet growth, when new "dot.com" companies sprouted up daily, occurred during:

• A) 1988-1999.
• B) 2001-2003.
• C) 2004-2006.
• D) 2007-2009.

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Definitions:

Closing the Revenue

The process of transferring the balances from revenue accounts to a permanent equity account at the end of an accounting period.

Capital Account Balance

The amount in a company or partnership's capital account, representing ownership interest in the entity.

Withdraws

Money taken out of a business by its owner(s) for personal use.

Partnership

A business structure where two or more individuals share ownership, as well as the profits or losses of the business.