for $15,000 from our Agency for services related to creative development covering the period March, April and May in equal amount of $5,000 worth of services. The invoice for $15,000 was paid by Accounting in April. In order for the Marketing Department to track the spending related to these expenses in the Income Statement (selling, general and administrative expenses), what can the Marketing Department anticipate for the Accounting expense recognition in the Income Statement

This sentence is false.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan