_____ Can Include Classifying Data, Sorting into Categories, Performing Calculations

question 58

Short Answer

_____ can include classifying data, sorting into categories, performing calculations, summarizing results, and storing data in an organization's database for further processing.

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Definitions:

Owner's Equity

After settling all obligations, the balance of an entity's assets stands as a representation of the shareholder or owner's equity.

Additional Investments

Funds or assets that an investor or business owner contributes to a business beyond the initial investment, to support operations or expansion.

Net Loss

The amount by which total expenses exceed total revenues in a given period, indicating financial loss.

Accounts Payable

Liabilities to suppliers or creditors for goods, supplies, or services purchased on credit.