How Does an Advertising Specialty Differ from a Premium

question 84

Multiple Choice

How does an advertising specialty differ from a premium?

• A) Premium is typically more valuable than an advertising specialty and usually bears no advertising message; consumers typically have to do something to get a premium.
• B) Premiums are always emblazoned with the name of the company that gave them away; specialties are not.
• C) Advertising specialties are typically more expensive than premiums.
• D) Premiums are always free; advertising specialties are not.
• E) Advertising specialties are promotional items; premiums are not.

Understand the accounting treatment for payment of vouchers within and after discount periods.

Master the categorization of accounts and understand their normal balances, reporting in financial statements, and nature (permanent/temporary).

Understand different categories of accounts in accounting.

Identify the normal balance for various accounts.