A Linkage Between the Financial Statements Includes Which of the Following

question 25

Multiple Choice

A linkage between the financial statements includes which of the following?

• A)Net income from the balance sheet is entered into the income statement.
• B)Net income from the income statement is entered into the retained earnings in the balance sheet.
• C)Assets have to equal liabilities.
• D)Cash is the total expenses on the income report.

---

Definitions:

Brand Awareness

The extent to which consumers are familiar with the qualities or image of a particular brand of goods or services.

Repurchase

The action of buying a product or service again, often used as a measure of customer loyalty or satisfaction.

Advertising Plan

A section of the firm’s overall marketing plan that explicitly outlines the objectives of the advertising campaign, how the campaign might accomplish those objectives, and how the firm can determine whether the campaign was successful.

Ad Campaign

A series of advertisement messages that share a single idea and theme which make up an integrated marketing communication.