User-Generated Content

question 86

Multiple Choice

User-generated content

• A) is the content posted by only one user on his or her private blog.
• B) is Web 3.0, the next update of the Web.
• C) is the content created by one user using his or her smartphone.
• D) can include video, blogs, discussion forum posts, digital images, and audio files.
• E) is a formal term for viral marketing.

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Definitions:

Reconciling Information

The process of ensuring that two sets of records or financial transactions are in agreement.

Adjusted Cash Balance

The cash amount shown in the accounting records after adjustments have been made for checks, deposits in transit, and other items.

May Bank Reconciliation

A process undertaken to verify the accuracy of financial records by comparing the May bank statement with the company's internal records.

Deposits in Transit

Funds that have been recorded by a company but not yet by its bank, typically due to timing differences.