ASCII Files Are Text Files That Can Be Opened and Read

question 12

True/False

ASCII files are text files that can be opened and read in a text editor such as Notepad.

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Definitions:

Invested Assets

Assets in which money has been spent to acquire or improve, intended to generate income or profit.

Income From Operations

The profit realized from a business's core operations, excluding costs and expenses related to financing and investments.

Residual Income

The income that remains after subtracting all required costs of capital from operating profit, a measure of profitability.

Activity Base

A measure used to allocate costs in activity-based costing, reflecting the level of effort or consumption of resources.