Ski Quarterly Typically Sells Subscriptions on an Annual Basis, and Publishes

question 291

Multiple Choice

Ski Quarterly typically sells subscriptions on an annual basis, and publishes four times a year in January, April, July and October. The magazine sells 70,000 subscriptions in January at CHF20 each. If Ski Quarterly publishes a quarterly financial statement at March 31, the adjusting journal entry to recognize revenue will include

• A) a debit to Cash for CHF466,667.
• B) a debit to Subscription Revenue for CHF466,667
• C) a debit to Unearned Subscription Revenue for CHF350,000.
• D) a credit to Prepaid Subscriptions for CHF350,000.

---

Definitions:

Age

The length of time that a person or thing has existed; often measured in years and used to indicate maturity or lifespan stages.

Generativity

A concern for establishing and guiding the next generation, often expressed through parenting, teaching, or mentorship.

Discipline Practices

Methods and strategies used by parents or guardians to teach children about rules, expectations, and appropriate behaviors.

Physical Separation

A situation where individuals remain apart from each other in different physical locations, often referring to geographical distance impacting relationships or processes.