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Your Company's President Donates a Large Amount of Her Own

Question 17

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Your company's president donates a large amount of her own money to charity and receives significant publicity that includes the company's name.How would the benefits of this publicity appear on the balance sheet?


A) It would appear as a current asset.
B) It would appear as a liability.
C) It would appear as a long-term asset.
D) It would not appear on the balance sheet.

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