____ Are the Components of a Program That Perform the Tasks

question 21

Multiple Choice

____ are the components of a program that perform the tasks required in the program.

• A) Activities
• B) Event handlers
• C) Processing objects
• D) Task items

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenues.

Revenue Recognition Principle

The concept that supports recording revenues when services have been performed or products delivered to customers.

Cash

Money in the form of coins or banknotes held by an individual or organization, readily available for transactions.

Adjusting Entries

Bookkeeping entries executed at the termination of a financial period for the purpose of apportioning earnings and expenses to the actual period they took place.