Here Are Some Financial Records for Accounting Plus Magazine Which

question 105

Multiple Choice

Here are some financial records for Accounting Plus Magazine which started operations in October 2021. Sales for its first month were as follows: $$\begin{array} { | c | c | c | c | } \hline \text { Subscriptions sold } & \begin{array} { c } \text { Price per } \\\text { subscription }\end{array} & \begin{array} { c } \text { Subscription start } \\\text { date }\end{array} & \begin{array} { c } \text { Subscription term } \\\text { (months) }\end{array} \\\hline 16,400 & 25 & \text { Oct } 1 & 6 \text { months } \\\hline 11,800 & 40 & \text { Oct } 1 & 12 \text { months } \\\hline\end{array}$$ What would be the deferred revenue at Oct 31, 2021? (Round to the nearest dollar) .

• A)$107,667
• B)$341,667
• C)$774,333
• D)$882,000

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Definitions:

Corporate Scandal

An event or series of events involving unethical behavior or legal violations by a company or its employees.

Survivability

The ability of a system, organization, or individual to remain alive or continue to function in the face of adversity or challenging conditions.

Viability

The ability of an entity or an idea to work successfully and sustainably, often in the context of business or environmental conservation.

Equality

The state of being equal, especially in status, rights, and opportunities.