A Newspaper Ad Submitted and Published This Week, with the Agreement

question 24

Multiple Choice

A newspaper ad submitted and published this week, with the agreement to get paid for it next week would, in the newspaper's records:

• A)increase assets and increase revenues.
• B)increase assets and decrease liabilities.
• C)increase assets and increase expenses.
• D)have no effect on total assets.

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Definitions:

External Benefit

A positive effect on a party who did not choose to incur that benefit, often associated with public goods or services.

Public‐spirited

Exhibiting a selfless concern for the well-being of the community and the willingness to act for the public good.

Air Pollution

The presence of substances in the atmosphere that are harmful to the health of humans and other living beings or cause damage to the climate or materials.

Medical Care

Services provided by healthcare professionals to diagnose, treat, or prevent diseases and injuries in individuals.