Which of the Following Is the Last Part of the File

question 30

Multiple Choice

Which of the following is the last part of the file name that gives an indication of what kind of data the file contains?

• A) File name
• B) File type
• C) File system
• D) File extension
• E) Directory

Recognize the accounting treatment and financial statement presentation of intangible assets.

Gain knowledge on the acquisition, valuation, and disposal processes of intangible assets and property, plant, and equipment (PP&E).

Differentiate between capital and revenue expenditures related to tangible and intangible assets.

Understand the legal aspects and life span of patents and copyrights and their impact on financial statements.

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Definitions:

Money

The set of assets in an economy that people regularly use to buy goods and services from other people.

Wealth

The accumulation of valuable economic resources and assets, including property, investments, and cash, that an individual or entity possesses.

Roundabout Trade

Trade involving multiple countries where goods are exported to one country before being re-exported to the final destination.

Double-Coincidence

The situation in a barter economy where two parties each hold an item the other wants, enabling an exact exchange without the need for a medium of exchange.