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Match Each Computer Term with Its Definition

question 39

Multiple Choice

Match each computer term with its definition.
-Type of optical disk capable of storing large amounts of data, typically 650 to 700 megabytes (MB)

Understand the concepts of parent and subsidiary companies.
Grasp the equity method and fair value method of accounting for investments.
Know how to account for investment transactions, including purchases, dividends, and sales.
Understand the preparation and purpose of consolidated financial statements.

Definitions:

Check

A written order instructing a bank to pay a specified amount of money from the writer's account to the person or entity in whose name the check has been issued.

Certificate Of Deposit

A savings certificate with a fixed maturity date and specified fixed interest rate that is issued by a bank.

Note

A promise by the maker of the note to pay the payee of the note.

Bank

A financial institution licensed to receive deposits, offer loans, and provide various financial services to individuals and businesses.

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