An Advertisement in a Newspaper Is Usually Considered an Offer

question 39

True/False

An advertisement in a newspaper is usually considered an offer if it contains a clear description of the product and a specific price.

---

Definitions:

Salaries Payable

A liability account that reflects the amounts owed to employees for services rendered but not yet paid.

Total Assets

The sum of all current and non-current assets owned by a company.

Total Expenses

The sum of all costs and expenses incurred by a business or organization during a specific period.

Accrued Wages

Wages that have been earned by employees but have not yet been paid or recorded in the financial statements.