Computers Have Two Classifications for Numbers: Those That Are Used

question 22

Multiple Choice

Computers have two classifications for numbers: those that are used for ____ and those that are not.

• A) coding
• B) storing
• C) calculations
• D) processing

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Definitions:

Loans Payable

Obligations of a company to repay borrowed money in the future.

Impaired

A term used to describe an asset whose market value has decreased below its book value on the balance sheet.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its tangible and identifiable intangible assets.

Consolidated

Combines the financial statements of the parent company and its subsidiaries into one comprehensive financial statement, presenting the financial performance and position as a single entity.