The Convergence of Real and Digital Worlds Is the Result

question 54

Multiple Choice

The convergence of real and digital worlds is the result of

• A)the work of William Gibson who coined the term "cyberspace."
• B)the implementation of ideas found in science fiction films and books.
• C)the unlimited proliferation of interlinked smartphones, tablet devices, sensors, sophisticated algorithms, databases, and other elements.
• D)Steve Jobs, the late visionary CEO of Apple, Inc.

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Definitions:

Temporary

In accounting, temporary refers to accounts that are closed at the end of an accounting period, such as revenues, expenses, and dividends.

Forthcoming Year

The approaching or upcoming calendar year.

Long-term Debt

Debt obligations of a business that are due more than one year in the future, often used for large purchases or investments.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse or cancel out adjusting entries made at the end of the previous period.