If You Edit the Original File in the Source Program

question 35

Multiple Choice

If you edit the original file in the source program those changes appear in the ____ object.

• A)linked
• B)embedded
• C)pasted
• D)imported

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Definitions:

Merchandise Inventory

Merchandise inventory refers to the goods available for sale to customers, which are considered current assets on a company's balance sheet.

Periodic Inventory System

An accounting method where inventory is physically counted at specific periods to determine the cost of goods sold.

FIFO

An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for First In, First Out.

Gross Profit

The difference between sales revenue and the cost of goods sold, indicating the profitability of a company's core activities.