Which of the following statements about social media is most accurate?

A) Social media are still relatively new and untried communication channels for some businesses.
B) Most businesses today have discarded old media and instead use social media exclusively for communicating and marketing.
C) Social media networks first attracted industries built on tradition and formality.
D) Social media sites such as Facebook and Twitter offer no advantages for businesses.

A

Business

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During the year ended December 31, Price Corporation reported its fixed assets at lower of cost or market (LCM) because their fair value had declined. The loss has been included as an extraordinary item in the income statement and the adjustment has been fully disclosed in the notes. If a CPA believes that the values reported in the financial statements are reasonable, what opinion would be most appropriate?

A. An unmodified opinion. B. A "subject to" qualified opinion. C. An adverse opinion. D. A disclaimer of opinion.

Business

Additional coverage on your automobile insurance policy can be purchased for

A) the cost of a rental car while your car is being repaired. B) the protection of valuables you are carrying in your car. C) the cost of towing, even if the problems are not the result of an accident. D) Both A and C are correct.

Business