Personal financial statements predominately use historical cost information
Indicate whether the statement is true or false
F
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A bill is received for electric service; the charge for the electricity is recorded, but payment will be made later. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. Liabilities decrease and assets decrease.
In advertising, reach is a measure of the percentage of people in the target market who are exposed to an ad campaign during a given period of time
Indicate whether the statement is true or false
Online-only companies are more successful than multichannel marketing companies
Indicate whether the statement is true or false
Social media refers to local, free newspapers that accept personal classified advertising
Indicate whether the statement is true or false