Scanners Combined with Optical Character Recognition (OCR)software Were First Used

question 82

Multiple Choice

Scanners combined with optical character recognition (OCR) software were first used by ________.

• A)banks for processing checks
• B)the military for guarding army outposts
• C)supermarkets to monitor shipments
• D)universities to evaluate answer sheets

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Definitions:

Equity Method

An accounting technique used by companies to assess the profits earned by their investments in other companies, where the investment is recorded initially at cost and adjusted thereafter for the post-acquisition change in the investor's share of the investee's net assets.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Dividends

Cash distributions made to shareholders by a corporation, typically from the company's earnings as profit.

Fair Value Option

An accounting choice giving companies the opportunity to measure financial assets and liabilities at their fair values with changes reflected in the income statement.