ASCII Is a 7-Bit Format Because Most Computers and Peripheral

question 75

True/False

ASCII is a 7-bit format because most computers and peripheral devices transmit data in bytes and because parity checking was used widely in the 1960s to 1980s for detecting transmission errors.

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Definitions:

Operating Activities

Activities that relate to the primary operations of a company, such as selling products or services, and are reflected in the cash flow statement.

Direct Method

A cash flow statement preparation approach that presents major classes of gross cash receipts and payments, offering a detailed view of cash flow from operating activities.

Cash Flow Statement

A financial document that provides aggregated data regarding all cash inflows a company receives from its ongoing operations and external investment sources, as well as all cash outflows that pay for business activities and investments during a given period.

Income Taxes

Taxes charged on the income of individuals or entities (corporations), based on the income or profit earned within a tax period.