Mohling Company Typically Sells Subscriptions on an Annual Basis, and Publishes

question 104

Multiple Choice

Mohling Company typically sells subscriptions on an annual basis, and publishes eight times a year. The magazine sells 45,000 subscriptions in January at $10 each. What entry is made in January to record the sale of the subscriptions?

• A) Subscriptions Receivable 450,000 Subscription Revenue 450,000
• B) Cash 450,000 Unearned Subscription Revenue 450,000
• C) Subscriptions Receivable 56,250 Unearned Subscription Revenue 56,250
• D) Prepaid Subscriptions 450,000 Cash 450,000

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Definitions:

Service Quality

An assessment of how well a service delivered meets customer expectations, often influencing customer satisfaction and loyalty.

Knowledge Gap

The difference in information and understanding between individuals or groups, often due to varying levels of access to resources or education.

Specific

Clearly defined or identified; detailed and exact in nature or requirements.

Measurable Goals

Objectives that can be quantified or assessed through specific metrics, enabling progress tracking and performance evaluation.