Parallel Testing Is Used When Old and New Systems Are

question 110

True/False

Parallel testing is used when old and new systems are operated simultaneously in all locations.

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Definitions:

Retained Earnings

The portion of net income that is kept by a company rather than distributed to its shareholders as dividends, to be reinvested in the business or to pay debt.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, also referred to as shareholders' equity.

Par Common Stock

The face value of a common stock, which is the stated value per share set in the corporate charter and used in the balance sheet under shareholders' equity.

At Cost

A term used to describe goods or services being sold or valued at their original purchase price, without any markup or profit margin.