Healthy Living, a Diet Magazine, Collected $480,000 in Subscription Revenue

question 17

Multiple Choice

Healthy Living, a diet magazine, collected $480,000 in subscription revenue on May 31. Healthy Living earns a minimum of $351,000 from the buyers who are not the subscribers. Each subscriber will receive an issue of the magazine for each of the next 12 months, beginning with the June issue. The company uses the accrual method of accounting. What is the balance in the Unearned Revenue account on December 31?

• A)$200,000
• B)$280,000
• C)$480,000
• D)$351,000

---

Definitions:

Mate Selection

The process by which individuals choose their partners based on various factors such as attractiveness, personality, and social status.

Self-Evaluation

The process of examining and reflecting on one's own abilities, characteristics, beliefs, and actions to assess their significance and worth.

Middle-Range Theory

A framework in sociology aiming to integrate theory and empirical research, focusing on limited aspects of social phenomena rather than broad, abstract theories.

Theoretical Perspective

A set of assumptions about reality that inform the questions we ask and the kinds of answers we arrive at as researchers or observers.