Your Company Orders and Broadcasts a 30 Second Advertisement During $\bold{not}$

Multiple Choice

Your company orders and broadcasts a 30 second advertisement during the Super Bowl for $1.2 million.It is legally obligated to pay for this service but has not yet done so.

A) This is an internal unobservable event so it does $\bold{not}$ affect the balance sheet.
B) This is an external unobservable event so it does $\bold{not}$ affect the balance sheet.
C) This is an internal observable event that affects the balance sheet.
D) This is an external observable event that affects the balance sheet.