Computer Programs or Software Are an Example Of

question 110

Multiple Choice

Computer programs or software are an example of:

• A) land.
• B) labor.
• C) capital.
• D) none of these.

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Definitions:

Common Stock

A form of corporate equity ownership, a type of security representing an ownership share in a corporation.

Journal Entries

The recordings of financial transactions in the bookkeeping system of a business, which include the debits and credits affecting the company's accounts.

Par Value

The nominal or face value of a share of stock as designated by the issuing corporation, playing a role in legal capital requirements.

Fair Value

The estimated market price of an asset or liability based on current market conditions and mutually agreed-upon conditions by a buyer and a seller.