The Operating System Simplifies Working with Documents and Programs, Transferring

question 531

True/False

The operating system simplifies working with documents and programs, transferring data between documents, interacting with the different components of the computer, and using the computer to access information on the Internet or an intranet.

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Definitions:

Prepaid Expense

An expense paid in advance of its due date, recorded as an asset on the balance sheet until the benefits are realized or the service period expires.

Magazine Subscription

A magazine subscription is an agreement to receive or gain access to periodic issues of a magazine over a specified period, usually in return for a payment.

Paid

Refers to the status of an obligation or invoice that has been settled or fulfilled through payment.

Vertical Analysis

An approach to financial statement examination whereby each component is presented relative to a foundational number in the report.