RAM Is Usually

question 41

Multiple Choice

RAM is usually

• A) an input/output device
• B) a volatile type of memory, used for temporary storage
• C) secondary storage
• D) a static type of memory, used for permanent storage

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Definitions:

Partnership Income

The earnings distributed to partners in a partnership based on the partnership agreement or ownership percentage.

Partners' Capital Statement

A financial statement that shows changes in each partner's capital account for a specific period.

Capital Equity

Equity capital that is invested into a company by investors who purchase shares of stock, providing long-term funding for business operations.

Income Sharing Ratio

Income sharing ratio refers to the pre-agreed proportion used to distribute profits or losses among partners in a partnership according to their partnership agreement.