In His Small Business, Adrian Wants to Use His Laptop

question 928

Multiple Choice

In his small business, Adrian wants to use his laptop to place and receive phone calls.What type of service should he use?

• A) Voice and video service (VVS)
• B) Audio Internet service provider (AISP)
• C) Voice-to-Text (VTT)
• D) Voice over Internet Protocol (VoIP)

---

Definitions:

Merchandise Inventories

Goods, either manufactured or purchased, held for sale in the regular course of business.

Direct Method

A cash flow statement approach that itemizes actual cash flows from operating activities, rather than adjusting net income.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting its decrease in value over time.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for non-cash transactions and changes in working capital to find the net cash from operating activities.