Cloud-Based Music Services Are Expected to Have a Major Impact

question 83

Multiple Choice

Cloud-based music services are expected to have a major impact on the mobile music business.The reason for their popularity includes all of the following except:

• A)they are a hybrid between subscription and online store business.
• B)this new approach addresses some of the shortcomings of the existing methods.
• C)they offer users a music locker "in the cloud."
• D)music services can be purchased from a variety of mobile devices.
• E)the pricing schemes for various services are simple.

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Definitions:

Beginning Balances

The balances of accounts at the start of a new accounting period, carried over from the end of the prior period.

Transactions

Financial events that affect the financial position of a company, measurable in terms of changes in assets, liabilities, and equity.

Statement Of Owner's Equity

A financial statement that shows the changes in the ownership interest of a company over a period of time.

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.