____________________-Wave Advertising Fees Are Based Less on Up-Front Site Sponsorship

question 18

Short Answer

____________________-wave advertising fees are based less on up-front site sponsorship payments and more on the generation of revenues from continuing relationships with people who use the social networking sites.

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Definitions:

Construction Loan

A short-term loan used to finance the building of a property or real estate project, usually converting to a long-term loan after completion.

Notes Payable

Financial obligations or loans represented by a promissory note that a company needs to pay back.

Successful-efforts Method

An accounting method used in the energy industry for recognizing and capitalizing only those expenses associated with successfully locating new oil or natural gas reserves.

Full-cost Method

A method of accounting for all expenditures associated with the exploration and development of oil and gas reserves as capitalized costs, which are then amortized over the total volume of proven resources.