Minefree Games Inc

question 41

Multiple Choice

 Minefree Games Inc.develops and markets mobile entertainment software.The company's application portfolio includes single and multiplayer games,ring tones,and other entertainment content.Their most popular mobile game is the Nightfly200.Recently,they released a new,improved version compatible with all major mobile handsets,the Nightfly201 series.Which of the following product categories would best describe the Nightfly201 series? 

• A) New-to-the-world products
• B) Additions to existing product lines
• C) Repositionings
• D) Improvements and revisions of existing products

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Definitions:

Journal Entry

This term refers to the method used in bookkeeping to log transactions where each entry must have a corresponding and opposite entry within the financial records.

Income Beneficiary

An individual or entity entitled to receive income from a trust, estate, or other income-generating assets.

Journal Entry

A journal entry is a record of a financial transaction in the accounting system of a business, consisting of debit and credit entries to maintain the double-entry bookkeeping system.

Federal Income Tax

The tax levied by the United States Internal Revenue Service on the annual earnings of individuals, corporations, trusts, and other legal entities.