Nominal (Temporary) Accounts Are Revenue, Expense, and Dividend Accounts and Are

question 1

True/False

Nominal (temporary) accounts are revenue, expense, and dividend accounts and are periodically closed.

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Definitions:

Satellite

An artificial object placed into orbit around the Earth or another planet in order to collect information or for communication.

Fiber

A type of material used in various industries, or short for optical fiber, a technology used for transmitting information as pulses of light along strands of glass or plastic.

Wi-Fi Hotspot

A physical location where people can access the Internet, typically using Wi-Fi, via a wireless local area network (WLAN) with a router connected to an internet service provider.

Coverage Area

The geographical region or space where services or signals from a specific provider are available.