All of the Following Statements Are True About the Changing

question 206

Multiple Choice

All of the following statements are true about the changing aspects of traditional television viewing EXCEPT:

• A)industry experts predict that holographic televisions,where viewers can insert themselves into reality TV game shows,will be sold by 2020.
• B)American viewers watch television programming on multiple devices that includes traditional TVs,computers,tablets,and smartphones.
• C)the future will bring 4K TVs that are four times as sharp as today's 3D HDTVs.
• D)viewers are increasingly timeshifting their viewing habits with DVRs,DVDs,and subscription services such as Netlix.
• E)the amount of time allocated to television viewing is increasing,now exceeding 40 hours each week.

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Definitions:

Federal Income Tax

A tax levied by the United States federal government on the annual earnings of individuals, corporations, trusts, and other legal entities.

Sales Warranty Accrual Method

An accounting method where a company estimates the cost of warranty claims expected to arise from current sales and records this as an expense when the sale occurs.

Warranty Expense

The estimated cost of honoring product warranties, which companies recognize to match expenses with related revenues.

Estimated Warranty Costs

Projected expenses that a company expects to incur to repair or replace products during a warranty period.