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A Company Was Recently Audited by a Third Party

question 799

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A company was recently audited by a third party. The audit revealed the company's network devices were transferring files in the clear. Which of the following protocols should the company use to transfer files?


Definitions:

Amortization

Amortization is the process of spreading out a loan into a series of fixed payments over time, or gradually writting off the initial cost of an intangible asset.

Discount on Bonds Payable

The difference when bonds are issued for less than their face value, representing an extra cost of borrowing to the issuer.

Straight-Line Method

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Amortization

The process of spreading the cost of an intangible asset over its useful life.

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