University of Toronto Installed the First Digital Computer in Canada

question 20

Multiple Choice

University of Toronto installed the first digital computer in Canada in

• A) 1950.
• B) 1952.
• C) 1954.
• D) 1956.
• E) 1958.

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Definitions:

Cheques Outstanding

Cheques that have been written and recorded in the payer's accounting system but have not yet been cashed or cleared by the receiving bank.

Prepaid Expenses

Payments made for goods or services to be received in the future, treated as assets on a balance sheet until used.

Operating Expenses

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Operating Activities

Cash flows directly related to earning income, including day-to-day transactions like selling products and paying wages.