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Touch Tronix, Inc

question 174

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Touch Tronix, Inc.sells component parts to Advanced Communications, Inc.a cell phone manufacturer.On December 10, 2011, Touch Tronix, Inc.sold €680,000 of goods to Advanced Communications, Inc.on account for €880,000.Terms of the sale were 2/10, net 30.On December 18, 2011, Advanced Communications, Inc.paid the account in full.Which of the following is true regarding the impact on the statement of financial position for Touch Tronix, Inc.when the payment is made on December 18, 2011?

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An information system where documents and other web resources are identified by Uniform Resource Locators (URLs), which can be accessed via the Internet.

Intranet

A private network accessible only by an organization's staff, often used to share information and computing resources within the organization.

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Software applications through which users primarily access the Web.

URLs

Uniform Resource Locators, which are the addresses used to access websites and resources on the internet.

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