"To Send Out Sound and Pictures by Means of Radio

question 7

Multiple Choice

"To send out sound and pictures by means of radio waves through space for reception by the general public" is the legal definition of

• A)common carriers.
• B)cable.
• C)POTS.
• D)multimedia.
• E)broadcasting.

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Definitions:

Closing Entry

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to a permanent equity account, thereby preparing the books for the next period.

Correct Closing Entry

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts, thus preparing the books for the next period.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Inventory of Supplies

The total value of supplies held by a company that are yet to be used in production or sold.