When Two People Are Conversing Over the Internet in Real

question 121

Multiple Choice

When two people are conversing over the Internet in real time, what do you know about them?

• A)They both are online.
• B)They are sending email messages that are not required to move through email servers.
• C)They are using FTP.
• D)They are behaving according to netiquette.

---

Definitions:

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life.

Inventory Change

The difference in inventory levels between two time periods, reflecting purchases, sales, and usage.

Accrued Liabilities

Obligations that a company has incurred but not yet paid for, recognized in accounting to match expenses with the revenues they help to generate.

Indirect Method

A cash flow statement preparation approach that starts with net income and adjusts for non-cash transactions and changes in working capital.