The Publisher of Accounting Digest Received the Following 12-Month Subscriptions

question 36

Multiple Choice

The publisher of Accounting Digest received the following 12-month subscriptions during 2012. Each subscription is $100. The company has a December 31 year end. Each subscription becomes effective in the calendar month after the company receives the subscription. What amount of revenue will the company record in 2012 for the subscriptions received between January-March? (Round your response to the nearest dollar) .

• A)$315,000
• B)$779,167
• C)$1,051,667
• D)$1,260,000

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Definitions:

Skimmable Format

A way of organizing content that allows readers to quickly scan and understand the main points without reading in detail.

Self-Contained "Chunks"

Independent units of information or code that are complete in themselves and can be understood or used separately.

Podcasting

Process of recording audio or video files and distributing them online.

Online Distribution

The process of delivering products, services, or content to consumers via the internet.