Ella Had Been Using an Imported Brand of Shampoo for Several

question 59

Multiple Choice

Ella had been using an imported brand of shampoo for several years,but she could no longer find it anywhere.As she was considering what kind of shampoo to try,she was surprised to see ads for Procter & Gamble's Head and Shoulders being promoted as a glamorous health-oriented product.She had always thought of Head & Shoulders as an antidandruff shampoo.The new ads suggest that Head & Shoulders has most likely been

• A) rebranded.
• B) reformulated.
• C) licensed to a premium shampoo manufacturer.
• D) extended as a brand.
• E) co-branded.

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Definitions:

Journal Entry

A record in the accounting books that notes all the financial transactions of a business.

Accounts Receivable

Money owed to a business by its clients (customers) resulting from the sale of goods or services on credit.

T Accounts

A tool used in accounting to represent the debit and credit sides of a transaction for individual accounts.

Trial Balance

An accounting report that lists the balances of all ledgers summarized into debit and credit columns, used to verify the accuracy of bookkeeping entries.