Recognized Income May Be in the Form of Cash or Property

question 78

True/False

Recognized income may be in the form of cash or property received (but not services received).

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Definitions:

Internal Network

A private network within an organization designed to facilitate communication and resource sharing among its devices and users.

Intranet

A private network set up by a business or an organization that’s used exclusively by a select group of employees, customers, suppliers, volunteers, or supporters.

External Users

Individuals or entities that are not part of an organization but are granted access to its systems or data, typically for specific, limited purposes.

LANs

Local Area Networks, computer networks that interconnect computers within a limited area such as a residence, school, or office building.