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2 years ago

What is the process of giving keys to a third party so that they can decrypt and read sensitive information?

Business

1 answer:

Svetlanka [38]2 years ago

4 0

Key escrow is the process of giving keys to a third party so that they can decrypt and read sensitive information.

<h3>What is key escrow?</h3>

The process of holding the keys required to decrypt encrypted data in escrow so that, under certain situations, an authorized third party may obtain access to them is known as key escrow.

The fundamental problem with a key escrow is that if the trusted third party is exposed, the whole system is compromised and must either be changed or all devices must be updated to utilize a new key.

These are the encryption keys. And the encryption key must be stored by a third party so that we have a mechanism to decrypt data in the event that the original encryption key is lost or damaged.

Learn more about keys here:

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On November 7, Mura Company borrows $370,000 cash by signing a 90-day, 8%, $370,000 note payable. 1. Compute the accrued interes

Hatshy [7]

Answer:

At 31 December, the Interest for 54 days accrues as follows :

Interest expense $17,740 (debit)

Note Payable $17,740 (credit)

On payment February 5, the Interest expense will be capitalized in the Note Payable as follows :

Note Payable $407,473 (debit)

Cash $407,473 (credit)

Explanation:

AT, November 7, When Mura Company borrows the money :

Cash $370,000 (debit)

Note Payable $370,000 (credit)

At 31 December, the Interest for 54 days accrues as follows :

Interest expense $17,740 (debit)

Note Payable $17,740 (credit)

Interest expense calculation = $370,000 × 8% × 54/90

= $17,740

At February 5, the interest for 60 days accrues as follows :

Interest expense $19,733 (debit)

Note Payable $19,733 (credit)

Interest expense calculation = $370,000 × 8% × 60/90

= $19,733

On payment February 5, the Interest expense will be capitalized in the Note Payable as follows :

Note Payable $407,473 (debit)

Cash $407,473 (credit)

Note Payable Calculation = $370,000 + $19,733 + $17,740

$407,473

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3 years ago

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3 years ago

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David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639 Honeysuckl

Andrei [34K]

Answer:

Explanation:

David:

Earnings from Apple Company (office manager)

$26,125

Federal income tax withheld

2,800

State income tax withheld

1,050

Darlene:

Earnings from Rose Company (perfume tester)

$25,100

Federal income tax withheld

2,650

State income tax withheld

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Their other income includes interest from Pine Tree Savings and Loan of $1,825. Other information and expenditures for 2016 are as follows:

Interest:

On home acquisition mortgage

$11,250

Credit card

925

Taxes:

Property taxes on personal residence

1,300

State income taxes paid in 2016 (for 2015)

315

Contribution (with written acknowledgement) to church

990

Medical insurance

475

Medical and dental expenses

5,800

Income tax return preparation fee paid in 2016

200

Actual general state sales tax for 2016

1,016

Payment of union dues

225

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