__________-Generation Languages, Such as COBOL and Fortran, Were Used Extensively

question 89

Multiple Choice

__________-generation languages, such as COBOL and Fortran, were used extensively for business and scientific applications.​

• A) ​First
• B) ​Second
• C) ​Third
• D) ​Fourth

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Definitions:

Unearned Revenue

Money received by a company for goods or services yet to be delivered or performed, recognized as a liability on the balance sheet.

Prepaid Expenses

Payments made in advance for goods or services to be received in the future, considered an asset on the balance sheet until utilized.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the ownership's value in the business.

Major Account Groups

Categories used in financial accounting to organize and summarize the financial activities of a business.