All Files Have Four ____________________,Which Determine How the File Will

question 111

Short Answer

All files have four ____________________,which determine how the file will behave in special situations.

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Definitions:

Deferred

Costs or revenues that are recognized at a future date rather than when initially incurred or received.

Released

In a manufacturing or production context, this term refers to products or goods that have been completed and are ready to be shipped or sold.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process or in the rendering of services.

Year 1

Refers to the first year in a given time series, fiscal period, or timeframe under consideration.