Log Cabin Syrup Works with the National Park Foundation to Restore

question 96

Multiple Choice

Log Cabin syrup works with the National Park Foundation to restore America's log cabins.It has restored a cabin that housed George Washington at Valley Forge,the cabin that U.S.Grant used at the Battle of Petersburg,and a North Dakota cabin owned by Theodore Roosevelt.In addition to paying for the restoration,the company developed educational materials for schools to use,to learn more about building log cabins and why they should be preserved.This national company is generating:

• A) publicity.
• B) sales promotion.
• C) press agentry.
• D) community involvement.
• E) social advertising.

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Definitions:

AASB 136

The Australian Accounting Standards Board standard that details the accounting treatment for impairments of assets.

Impairment

The action of or situation where the value of an asset is corrected downwards in the company's books to reflect a loss in value, ensuring the asset's recorded cost does not exceed its recoverable amount.

Issued Capital

The total value of a company's shares that have been issued to shareholders, representing the equity funding provided by shareholders.

Retained Earnings

Represents the cumulative amount of net income that a company has not distributed to its shareholders as dividends but retained for reinvestment in the business.