The Output of a Linker Is A(n)____ File

question 58

Multiple Choice

The output of a linker is a(n) ____ file.

• A)executable
• B)binary
• C)object
• D)source code

Determine the optimal mix of products to maximize profit or minimize costs given specific constraints.

Understand accounting for merchandise transactions using the gross and net methods.

Calculate gross profit, net income, and understand their implications on financial performance.

Apply knowledge of periodic and perpetual inventory systems in accounting entries.

---

Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent ones and prepare the company's books for the next period.

Income Summary

An account in the ledger that is used to gather all temporary accounts during the closing process, to transfer their balances to permanent accounts.

Retained Earnings

The portion of net earnings not paid out as dividends but retained by the company to reinvest in its core business or to pay debt.

Balance Sheet

A business statement that consolidates the assets, debts, and shareholder equity of a company at a certain point.