The Popularity and Power of Blogs Is Growing, with the Total

question 4

Multiple Choice

The popularity and power of Blogs is growing, with the total of Fortune 500 companies having official Blogs at:

• A) 13%
• B) 5%
• C) 27%
• D) 23%

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Definitions:

Prepaid Insurance

An asset account on the balance sheet representing insurance payments made in advance for coverage that will extend over a future period.

T Account

A visual representation used in accounting to depict the debit and credit sides of an account, helping in the preparation of financial statements.

Credit Balance

A situation where the total credits in an account exceed the total debits, often indicating the amount owed to a creditor.

Debits

Accounting entries that increase an asset or expense account, or decrease a liability or equity account, on a company's balance sheet.