Securing Sponsorship for an Event Is Helpful Because Sponsors Provide

question 10

Multiple Choice

Securing sponsorship for an event is helpful because sponsors provide:

• A)extra employees to work the event
• B)discount parking passes
• C)free tickets for future events
• D)money or in-kind contributions in exchange for recognition

---

Definitions:

Credits

Entries in accounting that increase liabilities or equity accounts, or decrease asset or expense accounts, reflecting transactions.

Debits

Entries in accounting that are used to record increases in assets or expenses and decreases in liabilities, equity, and revenue.

Capital Balance

The amount of money that a business or individual has invested in an entity, not including profits or losses from operations.

Net Income

The residual profit of an enterprise after deducting all expenditures and tax payments from its overall revenue.