A(n) notation Must Supply a Name for the Data Type

question 97

True/False

A(n) notation must supply a name for the data type and provide clues about how applications should handle the data._________________________

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Definitions:

Foreign Subsidiaries

Companies that are partially or wholly owned by a parent company but are located in a different country.

Cash-basis

An accounting method that recognizes revenues and expenses only when cash is exchanged, as opposed to when they are incurred.

Tax Depreciation

The allowable deduction for depreciation of assets for tax purposes, calculated using methods prescribed by the IRS.

Financial Statement Income

The income reported by a company on its financial statements, which includes revenues, expenses, gains, and losses.