According to the Textbook, Some Print Journalism Observers Think One

question 11

Multiple Choice

According to the textbook, some print journalism observers think one piece of good news for the industry is ______.

• A) small papers that focus on local news and ads retain a loyal reader base
• B) large corporate chains have numerous divisions to spread costs across
• C) college graduates entering the print journalism field are looking for job openings
• D) newspaper sales are increasing in North America and Europe
• E) None of the options are correct.

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Definitions:

SAB 104

An SEC Staff Accounting Bulletin that provides guidance on revenue recognition to ensure accuracy in financial reporting.

Revenue Recognition

The accounting principle that dictates the process and timing of recognizing revenue in the financial statements, typically when it is earned and realizable.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting in a particular jurisdiction, notably the United States.

Cookie Jar Reserves

Accounting practices where companies set aside reserves during good financial periods to smooth out earnings in future, less favorable periods.