_____ Is the Most Common Output Device for Soft Copy

question 37

Multiple Choice

_____ is the most common output device for soft copy.

• A) Liquid crystal display
• B) Inkjet printer
• C) Laser printer
• D) Touch screen

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Definitions:

FIFO

"First In, First Out," an inventory valuation method where goods first acquired are the first to be sold, used in accounting to calculate the cost of goods sold.

Net Income

The profit of a company after all expenses and taxes have been subtracted from total revenue.

Average Cost Method

An inventory costing method where the cost of goods sold and ending inventory is determined by averaging the cost of all similar items available.

FIFO

An inventory valuation method that assumes the first items placed into inventory are the first sold, standing for "First In, First Out."