Which of the Following Was a Practice of Journalism Before

question 50

Multiple Choice

Which of the following was a practice of journalism before the advent of the penny press?

• A) Newspapers had to hire reporters who actively pursued stories.
• B) Editors published their opinions on the "editorial" page.
• C) Editors relied largely on "news" proffered by citizens or gathered by a small staff.
• D) Publishers concentrated more on sensational crimes and events.

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Definitions:

Allowance Method

A bookkeeping approach involving the estimation of non-recoverable debts by anticipating uncollectible accounts at the close of every period.

Uncollectible Receivables

Accounts receivable that cannot be collected from customers, often written off as a bad debt expense.

Writing Off

The process of acknowledging that a portion of a debt or an asset has become uncollectible or worthless and removing it from the financial statements.

Income Statement

A summary of the revenue and expenses for a specific period of time, such as a month or a year.