On October 1, 2018, $30,000 of Annual Magazine Subscriptions Were

question 61

Multiple Choice

On October 1, 2018, $30,000 of annual magazine subscriptions were sold by Cat World Magazines. The subscribed magazines are delivered on the first day of each month beginning on October 1, 2018. The total cost of the subscribed magazines is $18,000, equal to $1,500 per month. What is the amount of revenue to be recognized during 2018?

• A)$30,000
• B)$4,500
• C)$7,500
• D)$12,600

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Definitions:

Horned Cow

A breed or individual of cattle that has distinctive horns, used for defense, display, and other functions.

Homozygous Dominant

A genetic condition where an individual possesses two identical alleles for a trait on both homologous chromosomes, and the trait is dominant.

Phenotypes

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Genotypes

The genetic constitution of an organism, determining its specific traits.