In 1979, American National Standards Institute (ANSI) Chartered a New

question 14

Multiple Choice

In 1979, American National Standards Institute (ANSI) chartered a new committee to develop uniform electronic data interchange (EDI) standards.This committee is called the _____.

• A) ASC X12
• B) DISA
• C) EDIFACT
• D) EDIINT

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Definitions:

Financing Charge

Interest or fees paid by a borrower for the use of credit or the extension of existing credit.

Interest Revenue

Income earned from investments, loans, or other interest-bearing assets.

Estimated Bad Debts

Anticipated amounts that customers will not pay the company, typically recorded as an expense.

Realizable Value

The estimated amount that could be received from the sale of an asset in a normal transaction between willing parties.