You Embed the Data When the Source Program Will Continue

question 35

True/False

You embed the data when the source program will continue to maintain the data in the file and you need to use an updated version of the file at all times in the destination program.

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Definitions:

Installment Accounts Receivable

Amounts owed by customers for purchases made on credit that are to be paid in regular, periodic installments.

Non-current Asset

An asset that is not expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business.

Promissory Note

A written promise to pay a specified amount of money to a certain entity on demand or at a fixed or determinable future time.

Future Date

A specified day in the future, often related to scheduling events, deadlines, or financial transactions.