-Referring to the Figure Above, You Have 229 Days of the Norton

question 58

Multiple Choice

-Referring to the figure above, you have 229 days of the Norton subscription remaining, and LiveUpdate was run eight minutes ago.To stay current, always make sure your ____ is/are up-to-date.

• A)antivirus software subscription
• B)virus definitions
• C)both a.and b.
• D)neither a.nor b.

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Definitions:

Sales Taxes Payable

Liabilities owed to local, state, or federal tax authorities from sales made, collected by the company from customers at the time of sale.

Interest Charged

Interest charged refers to the cost of borrowing money, usually expressed as a percentage of the principal loan amount to be paid over a specific period.

Sales Taxes Payable

Liabilities accounted for the sales tax collected from customers on taxable transactions, which are due to be paid to the relevant tax authorities.

Sales Tax Expense

The cost incurred by a seller related to the sales tax charged on goods or services, which is often passed through to the consumer.