Thomas Asked His Friend for a Software Suite

question 35

Multiple Choice

Thomas asked his friend for a software suite. His friend had the software suite in his computer and he copied it into a small, rectangular storage medium and gave it to Thomas. Identify the storage medium in which Thomas's friend copied the software suite.

• A)Optical disk
• B)Flash memory card
• C)Random access memory
• D)Read only memory

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and deductions have been subtracted from total revenue.

Loss on Sale

A financial outcome in which the proceeds from the sale of an asset are less than its carrying value on the books.

Stock Investment

The purchase of shares in a company to gain a financial return in the form of dividends or appreciation in the share price.

Equity Method Investments-Jay

An accounting technique used to record investments in other companies, where the investment is significant but less than controlling, adjusting the value to account for the investor's share of the earnings or losses.