Closing a File Causes Any Unsaved Information Still Held in the File

question 9

Multiple Choice

Closing a file causes any unsaved information still held in the file buffer to be

• A) saved to the file
• B) deleted
• C) retained in the buffer for safekeeping
• D) duplicated
• E) None of these

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Definitions:

Bad Debts Expense

Represents the amount of receivables a company does not expect to collect and is recorded as an expense.

Merchandise Inventory

The goods a company holds for the purpose of sale to customers in the normal course of business.

Net Realizable Value

The estimated selling price of goods minus the cost of their sale or disposal, reflecting the actual cash value of inventory.

Accounts Receivable

The sum customers owe a corporation for goods or services delivered but not yet compensated.