Which of the Following Statements Are False

question 8

Multiple Choice

Which of the following statements are false?

• A) A file object's readlines method xe "read a file into a program"reads an entire text file and returns each line as a string in a list of strings.
• B) Calling readlines for a large file can be a time-consuming operation, which must complete before you can begin using the list of strings.
• C) Using the file object in a for statement enables your program to process each text line as it's read.
• D) All of the above statements are true.

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Definitions:

Times Interest Earned Ratio

A financial ratio that measures a company's ability to meet its interest obligations based on its operating income.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the price paid for using a lender's money or credit.

Note Payable

A written promise to pay a specific amount of money, usually with interest, by a certain date to a designated party.

Accrued Interest

Interest that has been earned but not yet paid, recognized as an asset or liability prior to the exchange of cash.