Sometimes the Distinction Between High Culture and Popular Culture Is

question 88

Multiple Choice

Sometimes the distinction between high culture and popular culture is not so clear,as shown by the television show Here Comes Honey Boo-Boo,because

• A)the family in this show was always very rich.
• B)reality shows have made families that were low-income nationally-known media stars who are now earning a lot more money.
• C)Honey Boo Boo's mother is a previous Miss America pageant winner.
• D)reality television never shows people who appear to be of low social position.

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Definitions:

Liability Until Earned

Liability Until Earned refers to revenue received in advance of being earned and is recorded as a liability on a company's balance sheet until the service or product is delivered.

Recorded As Revenue

The process of recognizing the amount of money earned from providing goods or services in the financial records during a specific accounting period.

Rental Period

The span of time for which a tenant agrees to rent an asset, such as property or equipment, from a landlord or lessor.

Adjusting Entry

Journal entries made at the end of an accounting period to update accounts for accruals and deferrals not recorded during the period.