Which of the Following Is a Reason for the Sharp

question 94

Multiple Choice

Which of the following is a reason for the sharp decline in the number of foreign films released in cinemas between 1966 and 1990?

• A)Moviegoers asked their local cinemas to stop showing foreign films.
• B)Multiplexes felt foreign films posed too strong a threat to domestic films.
• C)Multiplexes didn't want to screen foreign titles because of their small profit margins.
• D)Foreign films are too highbrow for American audiences.
• E)None of the above options is correct.

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Definitions:

Credit Balance

The amount that a company or individual owes to creditors; in accounting, it indicates a balance on the right side of a ledger for liability, revenue, or equity accounts.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.

Statement of Income

A financial report summarizing the revenues, expenses, and profits/losses of a company over a specified period, also known as an income statement.