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?

Question

Quizplus · Accepted Answer

The benefits of publicity resulting from the president's personal donation to charity would not appear on the company's balance sheet as they do not represent a tangible asset or liability on the company's financial statements. They would instead be considered a non-financial benefit or intangible asset.

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