Which Company Ranks Number One in Terms of Worldwide Ad

question 43

Multiple Choice

Which company ranks number one in terms of worldwide ad spending for 2016?

• A)General Motors
• B)Philip Morris
• C)Unilever
• D)Procter & Gamble
• E)Coca-Cola

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Definitions:

AASB 101

An accounting standard issued by the Australian Accounting Standards Board that prescribes the basis for presentation of general purpose financial statements.

Statement of Changes

A financial statement that shows how the equity of a company has changed over a certain period due to various reasons like profits, losses, or distributions.

Deferred Tax Liability

A tax obligation due in the future for income that has been recognized in the financial statements before it is taxable by tax authorities.

Tax Depreciation

The depreciation expense deducted for tax purposes, allowing taxpayers to recover the cost of a property or asset used in a trade or business for income-producing purposes.