Computing Magazine Receives $100 in Advance from a Customer for a 2

question 9

Multiple Choice

Computing Magazine receives $100 in advance from a customer for a 2 year subscription. Computing Magazine's entry to record this transaction would include a:

• A)debit to Subscription Revenue for $100.
• B)credit to Subscription Revenue for $100.
• C)debit to Unearned Subscription Revenue for $100.
• D)credit to Unearned Subscription Revenue for $100.

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Definitions:

Theories of Essentialism

Philosophical ideas and theories suggesting that entities have a set of attributes essential to their identity or function.

Selectively Exaggerated

The deliberate overstatement or amplification of certain aspects while minimizing or ignoring others for specific impacts.

Machismo

A cultural attitude or behavior marked by strong or aggressive masculine pride.

Complex and Distorted

Describes situations or information that are complicated and not presented in a clear, accurate manner.