For each description,identify with an "X" whether the item is either an asset (A),liability (L)or shareholders' equity (SE)account on the balance sheet or a revenue (R)or expense (E)on the income statement.There is only one correct answer for each description.
Definitions:
Format
The arrangement, organization, or overall layout of information, including the design elements used in documents, presentations, or data.
Adapt
The ability to adjust or change in response to new conditions or environments.
Social Media
Digital platforms and tools that enable users to create, share, or exchange information, ideas, pictures/videos in virtual communities and networks.
Social Networking Sites
Online platforms that enable users to create personal profiles, connect with friends, and share content.
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