TB Figure: 2

question 139

Multiple Choice

TB Figure: 2
-According to TB Figure 2,Facebook had slightly over __________ unique U.S.visitors per day by September 2011.

• A)20 million
• B)30 million
• C)70 million
• D)150 million

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Definitions:

Note Payable

A written promise to pay a specified amount of money, along with interest, by a certain date.

Interest Expense

The cost incurred by an entity for borrowed funds, recognized in the income statement.

Income Statement

A financial report that shows the revenue, expenses, and profit or loss of a business over a specific period of time.

Adjusting Journal Entry

An accounting entry made to correct or update the financial records and ensure accurate reporting.