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MC Qu . 4 1 Your company bought a 3 0 - second . . . Your company bought a 3 0 - second advertisement
MC Qu Your company bought a second
Your company bought a second advertisement that aired during the Super Bowl at a cost of $ million. It is legally
obligated to pay for the ad but has not yet done so How does the purchase and use of the ad time affect your companys
balance sheet?
Multiple Choice
It increases both assets and liabilities by $ milion.
It increases assets and decreases stockholders' equity by $ milion each
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