A File Has the Permissions Rwxr-Xr-X

question 34

Essay

A file has the permissions rwxr-xr-x. Describe what these permissions are and to whom they apply.

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Definitions:

Statement of Owner's Equity

A financial document showing the changes in the equity of a business over a specific period, including contributions, withdrawals, and earnings.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to ensure the sum of debits equals the sum of credits, used as a check on the accuracy of the postings.

Withdrawals

Funds taken out of a business by its owners for personal use.

Income Statement

A financial document that shows a company's revenue, expenses, and profits or losses over a specific period.