Indicate (by number)the way each of the items listed below should be reported in a balance sheet at December 31,2016.Match each phrase with the number of the term for the accounting treatment.
Definitions:
Selling Price
The amount of money charged for a product or service, determined by cost, market demand, and competition.
Advertising Budget
The amount of money a company plans to spend on promotional activities over a certain period to market its products or services.
Monthly Sales
The total revenue generated from sales activities during a month.
Dollar Sales
The total value of all sales in dollars over a specific period of time.
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