Frontware, Which Adds Modern, User Friendly Screen Interfaces to Legacy

question 46

Multiple Choice

Frontware, which adds modern, user friendly screen interfaces to legacy systems are referred to as:

• A)Turnaround software
• B)Graphical user face
• C)COBOL
• D)Screen scrapers

Analyze the impact of inventory sales between parent and subsidiary on consolidation entries.

Determine the adjustments required for intra-entity transactions involving land sales and purchases.

Evaluate the effects of equipment transfers on consolidated financial statements.

Assess the gain or loss on intra-entity asset transfers and its recognition.

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Definitions:

Land Contracts

Legal agreements for the purchase of land in which the buyer pays the seller in installments while the seller retains the title until the full purchase price is paid.

Lienholder

A lienholder is an individual or entity that has a legal right or interest in a piece of property until a debt or loan associated with that property is fully repaid.

Possess

To have or hold something as one's own, to control or occupy something whether physically or legally.

Ownership

The legal right to possess, use, and dispose of something, encompassing both tangible and intangible assets.