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Case-Based Critical Thinking Questions Case 3-2 Rodney Owns a Computer

question 52

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Case-Based Critical Thinking Questions Case 3-2 Rodney owns a computer that he uses to work, keep in touch with friends and family, watch movies, listen to music, and use the Internet. Rodney wants to be able to easily carry files with him wherever he goes but he also has a tendency to lose things. Knowing this, he should probably save those files on a ____ drive which he can then attach to his backpack.


Definitions:

Contributed Capital

Funds raised through the issuance of shares by a corporation to its shareholders.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.

Journal Entry

A record in the accounting books of a business that represents a single transaction and its impact on the company's finances.

Journal Entry

A recorded transaction in the accounting records of a company, marking the financial events of a business.

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