In the Early Years of Computing, the Development of Large

question 82

True/False

In the early years of computing, the development of large mainframe computers, telecommunications networks, and terminals caused centralization of computer hardware and software, databases, and information specialists.

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Definitions:

Stock Issuances

The process of making new shares available for sale to investors, often used by companies to raise capital.

Accounting Equation

The foundational equation of double-entry bookkeeping, stating that Assets = Liabilities + Equity, ensuring the balance sheet remains balanced.

Assets

Resources controlled by a business due to past transactions or events, from which future economic benefits are expected to flow to the entity.

Accounts Receivable

Accounts Receivable are amounts owed to a company by customers for goods or services delivered on credit, expected to be collected as cash.