When a Business Needs a More Sophisticated Balance Sheet Than

question 43

Multiple Choice

When a business needs a more sophisticated balance sheet than the one created for its first accounting records,it creates a _____ balance sheet to list assets and liabilities in separate categories.

• A)classified
• B)two-item
• C)long-term
• D)extended

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Definitions:

Marketing Communications

The process of using various communication channels and tools in combination to deliver a clear, consistent, and compelling message about an organization and its products.

Loyalty Programs

Marketing strategies designed to encourage customers to continue to shop at or use the services of businesses associated with each program.

Federal Agencies

Government bodies established by the legislation to perform specific functions or duties at the national level.

FCC

The Federal Communications Commission, a United States government agency that regulates interstate and international communications by radio, television, wire, satellite, and cable.