LinkedIn Is

question 129

Multiple Choice

LinkedIn is

• A)a website where users may create a personal profile, add other users as friends, and exchange comments, photos, videos, and "likes" with them.
• B)a website that enables users to send and receive short messages up to 140 characters long.
• C)a business-oriented website that lets users post their professional profiles to connect to a network of businesspeople.
• D)a video-sharing website in which users can upload, distribute, view, and comment on videos.
• E)a website that enables online customers to use their collective buying power to take advantage of deeply discounted prices for a product or service each day.

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Definitions:

Deferred Taxes Payable

Liabilities for taxes owed that are recorded on the balance sheet to reflect timing differences between tax laws and accounting practices.

Net Income

Net Income is the total profit of a company after all expenses, taxes, and costs have been deducted from total revenue, indicating the company's financial health.

Prepaid Expenses

Payments made for goods or services that will be received and used in the future, treated as assets on a balance sheet until used.

Financing Activity

This refers to the transactions and events that involve raising capital and repaying investors, such as issuing equity or debt.