Websites and Computer Applications That Allow Users to Create Online

question 35

Multiple Choice

Websites and computer applications that allow users to create online communities and engage in social networking are known as

• A) electronic media.
• B) mainstream media.
• C) social media.
• D) print media.

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Definitions:

Consolidation Procedures

Accounting processes used to combine the financial statements of a parent company with its subsidiaries, presenting the group as a single economic entity.

100%-Owned Subsidiaries

Companies completely owned by another company, allowing the parent full control over operations and decisions.

Stockholders' Equity

The residual interest in the assets of a company after deducting liabilities, representing the ownership interest of shareholders.

Current Rate Method

A method of foreign currency translation where all financial statement line items are translated at the current exchange rate at the date of the balance sheet.