Physicians, Inc

question 39

Multiple Choice

Physicians, Inc. subscribes to three magazines and paid $140, $90 and $76 respectively, on 1 July. The subscriptions are for one year and are recorded in Prepaid Subscriptions when paid. Six months later on 31 December, what amount is recorded for 'magazine expense' and what is the balance of the Prepaid Subscription account? Magazine Expense Prepaid Subscriptions

• A) $153 $153
• B) $306 $306
• C) $25.50 $153
• D) $25.50 $306

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Definitions:

Professional Image

The perception or impression that is projected based on one's appearance, behavior, and communication in a work context.

Civility

Politeness and courtesy in behavior and speech, demonstrating respect for others in social interactions.

Refilling

The process of replenishing or topping up a substance, product, or material that has been used or depleted.