According to the Text,the Most Important Software Component for Many

question 59

Multiple Choice

According to the text,the most important software component for many computer users today is the once simple and limited,but now powerful and feature rich,_______________.

• A)word processing application
• B)presentation graphics package
• C)Web browser
• D)database management system

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Definitions:

Consideration Transferred

The total amount of assets or equity instruments that the acquirer gives up to gain control of the acquiree in a business combination.

Acquisition Date

The date on which a buyer obtains control of a target company or asset.

Control

The ability to direct the use of, and obtain substantially all of the remaining benefits from, the asset.

Contingent Liability

A potential obligation that may arise depending on the outcome of an uncertain future event, which is not confirmed at the date of the financial statements.