Hardware Consists of Electronic Components and Related Gadgetry That Input,process,output,and

question 74

True/False

Hardware consists of electronic components and related gadgetry that input,process,output,and store data according to instructions encoded in computer programs or software.

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Definitions:

Management Fees

Fees charged by managers for the operation, management, or administration of a property, fund, or project.

Consolidated Financial Statements

Consolidated financial statements present the financial position and results of operations for a parent company and its subsidiaries as if they were a single economic entity.

Elimination

In accounting, refers to the removal of intercompany transactions to avoid double counting when consolidating financial statements.

Goodwill

An intangible asset that arises when a company acquires another business for more than the fair value of its tangible and identifiable intangible assets.