A Filename Extension Can Tell You Valuable Information, Such as the File

question 28

True/False

A filename extension can tell you valuable information, such as the file format.

---

Definitions:

Short-Term Investments

Financial assets that are expected to be converted into cash or sold within a year, such as stocks and bonds.

Daily Cash Operating Expenses

The total amount of money spent each day to keep a business running, including utilities, rent, and payroll.

Outstanding Checks

Checks issued by a company that have not yet been cashed or cleared by the bank.

Deposits in Transit

Funds that have been received and recorded by a company but not yet credited by the bank, often seen in the reconciliation of bank statements.