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Which of the Following Statements Is True of Cloud-Based and In-House

question 61

Multiple Choice

Which of the following statements is true of cloud-based and in-house hosting?


Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues, indicating the company’s profit.

Dividends

A portion of a company’s earnings distributed to its shareholders as a reward for their investment.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles and standards in Canada designed for private companies.

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