COGNITIVE ASSESSMENT Which of the Following Technologies Is the New

question 127

Multiple Choice

COGNITIVE ASSESSMENT Which of the following technologies is the new tollbooth on the local highway most likely to use?

• A) TCP/IP
• B) Bluetooth
• C) IrDA
• D) RFID

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Definitions:

Salaries Expense

The total amount paid to employees for services rendered during a specific period, recorded as an expense in financial statements.

Salaries Payable

A liability account that records the amounts owed to employees for work performed but not yet paid.

Month-End Adjusting Entry

Journal entries made at the end of the reporting period to update the accounts for accurate financial reporting.

Prepaid Expenses

Expenses paid in advance for goods or services to be received in the future, recognized as assets on the balance sheet until they are expensed.