Anyone Who Becomes a Member of MySpace,Twitter,Facebook,or Other Social Networking

question 40

Multiple Choice

Anyone who becomes a member of MySpace,Twitter,Facebook,or other social networking sites is a

• A)Collector.
• B)Spectator.
• C)Joiner.
• D)Creator.
• E)Critic.

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Definitions:

Salaries Expense

The total amount paid to employees for services rendered during a specific period, often considered an operating expense.

Federal Income Taxes Payable

The amount of income tax a company or individual owes to the federal government, which is due within the tax filing period.

Current Liabilities

Short-term financial obligations that are due within one year or within the normal operating cycle of a business, whichever is longer.

Unearned Revenues

Income received by a company for goods or services that have yet to be provided, recorded as a liability on the balance sheet.