Use the Following Information for Questions

question 106

Multiple Choice

Use the following information for questions
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 CHF16 each.
-If Ski Quarterly publishes a quarterly financial statement at March 31, the adjusting journal entry to recognize revenue earned will include:

• A)a debit to Cash for CHF373,333.
• B)a debit to Subscription Revenue for CHF373,333
• C)a debit to Unearned Subscription Revenue for CHF280,000.
• D)a credit to Prepaid Subscriptions for CHF280,000.

Identify the dynamic interaction between an organization and its environment as a characteristic of an open system.

Acknowledge the significance of coordination, common purpose, division of labor, and hierarchy of authority in the existence of organizations.

Understand the different processes involved in chemical weathering.

Identify the formations and characteristics of sedimentary deposits in coastal and other environments.