Which Is an Advantage of Storing Numbers in Binary Format

question 55

Multiple Choice

Which is an advantage of storing numbers in binary format?
I fast access
II less storage needed
III easy to read in a text editor

• A) I
• B) III
• C) I and II
• D) I and III

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Definitions:

Deferred Tax Asset

An accounting term used for tax overpayments or advance payments, which will get adjusted against future tax liabilities.

Tax Base

The total amount of assets or income that can be taxed by a government, determining the extent of tax revenue.

Carrying Value

The book value of an asset or liability, calculated as the original cost minus accumulated depreciation, amortization, or impairment costs.