____________ Was Created in the Early Days of Computing as an Alternative

question 87

Multiple Choice

____________ was created in the early days of computing as an alternative to machine language.

• A) FORTRAN
• B) COBOL
• C) assembly language
• D) Pascal

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Definitions:

Service Revenue

Income earned from providing services as opposed to selling goods.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

Cash Collected

The total amount of money received by a company during a specific period.

Expense Recognition Principle

An accounting principle that expenses should be recognized and recorded when they are incurred, not necessarily when they are paid.