Emily Has a Very Large Digital Picture File and a Colleague

question 11

Multiple Choice

Emily has a very large digital picture file and a colleague of hers has recommended that she save it in a different format before using it in her Word document. Which of the following is most likely to be the file format in question?

• A) GIF
• B) JPEG
• C) PNG
• D) BMP

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Definitions:

Partial Equity Method

An accounting approach where an investor recognizes income from its investment in an associate to the extent of dividends received, differing from the full equity method which recognizes income as it's earned by the associate, regardless of dividends received.

Fair Value

The exchange value of an asset or the settlement cost of a liability in a well-arranged transaction with participants in the market on the measurement occasion.

Book Value

The net value of a company's assets minus its liabilities, often used as a measure of the company's worth.

Equipment

Tangible property used in the operation of a business that is not intended for sale, including machinery, tools, and vehicles.