Peggy Found a Freely Distributed Software Package for Her Small

question 27

Multiple Choice

Peggy found a freely distributed software package for her small business that will allow its sales to be tracked into a database for inventory purposes. ​
Can Peggy install this software on all the computers in her store?

• A) Yes, this is open source software.
• B) Yes, because she purchased the software.
• C) No, this is only for Peggy's computer.
• D) No, even though she purchased the software, it was one copy for one computer.

---

Definitions:

Extraordinary Item

Events or transactions that are both unusual in nature and infrequent in occurrence, impacting a company's financial position.

Selling Activities

Actions undertaken by a company to promote and sell its products or services, including advertising, sales promotions, and personal sales.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

GAAP Estimate

An accounting estimate made following Generally Accepted Accounting Principles guidelines.