On April 1, Garcia Publishing Company received $1,548 from Otisco, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Otisco Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period?
A. $0.
B. $430.
C. $387.
D. $129.
E. $516.
Answer: C
Business
You might also like to view...
A 10% stock dividend will increase the number of shares outstanding but the book value per share will decrease
a. True b. False Indicate whether the statement is true or false
Business
What is "fraud in the execution?"
What will be an ideal response?
Business
Negative confirmations are more expensive to administer than positive confirmations because of the added costs of investigating non-responses
a. True b. False Indicate whether the statement is true or false
Business
The management of two Panizza restaurants has an ongoing disagreement over the discount rate given to students from the local high school. This is an example of ________ conflict
A) intensive B) selective C) exclusive D) horizontal E) vertical
Business