Which of the Following Statements About the Music Industry Is

question 5

Multiple Choice

Which of the following statements about the music industry is not true?

• A)Music industry revenues have decreased by 50% since 1999.
• B)Digital revenues accounted for less than half of all U.S. music revenues in 2016.
• C)It is still unclear if streaming music services have a viable business model.
• D)Streaming music generated over 50% of all digital music sales in 2016.

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Definitions:

Excess Of Par

The amount by which the sale price of a share of stock exceeds its par value, often recorded as additional paid-in capital on the balance sheet.

Cash Dividend

A cash dividend is a payment made by a company out of its earnings to shareholders, usually in the form of cash.

Financial Statements

Reports that show the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, representing ownership interest.