Under which accounting heads will a company’s accountant record costs for advertisements and accrued wages for the month? advertisements will go in account, and accrued wages for the month will be recorded as .1.a. incomeb. expensesc. assets2.a. expensesb. current liabilityc. long-term liability

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.