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.

Question

Quizplus · Accepted Answer

The benefits of this publicity, even if it includes the company's name, do not represent any asset or liability for the company and do not affect the balance sheet. It may, however, have a positive impact on the company's reputation and branding, which could have long-term benefits for the company's financial performance.

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