The Speed of the System Clock Has a Significant Effect

question 51

True/False

The speed of the system clock has a significant effect on peripheral devices such as a printer or disk drive.

---

Definitions:

Dividends Declared

The announcement by a company's board of directors of the issuance of dividends to shareholders.

Accounting Estimates

Assumptions made about future financial transactions that impact the reporting of a company's financial statements, such as allowances for doubtful accounts.

Cumulative Adjustment

An accounting method used to make corrections to cumulative errors in financial statements of previous years.

Prior Period Adjustments

Corrections of errors in previously issued financial statements for periods that have already been reported.