Data Security Can Be Built into a File Through Encryption,passwords,or

question 87

True/False

Data security can be built into a file through encryption,passwords,or prohibiting users from directly manipulating a file.

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Definitions:

Liability Approach

A method in accounting that emphasizes recording all financial liabilities at their current value to ensure accurate financial reporting.

Deferred Income Tax Asset

A financial statement item that refers to taxes that have been accrued but not yet paid, which is considered a company asset because it indicates future tax payments that are lower than the current tax expense.

Income Before Taxes

A financial measure indicating the profitability of a company before accounting for income taxes.

Income Tax Rate

The percentage rate at which income is taxed by the government, varying based on income level and other factors.