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Which of the Following Was Expected to Generate the Highest

question 59

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Which of the following was expected to generate the highest amount of online content revenue in the United States in 2017?


Definitions:

Income Summary

A temporary account used in the closing process that summarizes a company's revenues and expenses for the accounting period.

Revenue Account(s)

Accounts that track the income generated from the sale of goods or provision of services before any expenses are deducted.

J. Higgins, Withdrawals

The amount of money withdrawn by J. Higgins from a business for personal use, affecting the owner's equity.

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