Which of the Following Statements Is True of the Fairness

question 10

Multiple Choice

Which of the following statements is true of the fairness doctrine?

• A) It would have made it difficult for radio stations to broadcast conservative talk shows exclusively, as many do now.
• B) It allowed the holders of broadcast licenses to present controversial issues in ways that suited their interests.
• C) It banned the holders of broadcast licenses from presenting controversial issues of public importance.
• D) It is still in force and imposes a variety of restrictions on print media and broadcast media.
• E) It was repealed by the Federal Communications Commission in 2012.

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Definitions:

Adjusted Trial Balance

A statement that lists all the accounts and their balances after adjusting entries are made, used to prepare financial statements.

Financial Statement Column(s)

Columns in financial statements that organize data, such as assets, liabilities, and equity, to convey a company's financial position or performance.

Net Income

The net income of a business following the subtraction of all costs and tax obligations from its total earnings.

Periodic Inventory System

A method of inventory management in which the inventory levels are updated and cost of goods sold is calculated periodically at the end of a reporting period.