Phone Lines Have a Speed Based on a Unit Called

question 48

Multiple Choice

Phone lines have a speed based on a unit called a ______________, which is one cycle per second.

• A)baud
• B)byte
• C)digit
• D)flux

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Definitions:

Compound Entry

An accounting entry that involves more than two accounts, where there are multiple debits and/or credits in a single transaction.

Trial Balance

A financial worksheet that consolidates all ledger balances into debit and credit columns, verifying the mathematical accuracy of a company's accounting system.

Income Statement

A financial report that shows a company's revenues, expenses, and net income over a specific period.

Accounts Payable

Liabilities of a business that are owed to creditors for goods and services purchased on credit.