When a Computer Is Turned Off, the Contents of Its

question 78

Multiple Choice

When a computer is turned off, the contents of its ____________ are erased.

• A) secondary storage
• B) RAM
• C) software
• D) hardware

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' share of the company.

Statement

A written record detailing the financial performance or position of a company at a specific point in time.

Multiple-Step Income Statement

An income statement that separates operating revenues and expenses from non-operating ones, highlighting various components of net income.

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, which may not necessarily align with the calendar year.