Reader,Inc

question 193

Multiple Choice

Reader,Inc.collected $12,000 in October 2011 from customers in exchange for 12-month subscriptions to its monthly magazine Reader.The October issue was the first issue of the subscription.How much revenue should the company report on its income statement for the year ended March 31,2012?

• A)$12,000
• B)$8,000
• C)$6,000
• D)No revenue will be recognized until all the magazines are delivered.

---

Definitions:

Culturally Diverse

Referring to the inclusion of individuals from a variety of cultural, ethnic, and racial backgrounds, enhancing creativity and problem-solving within groups or organizations.

Stereotypes

Oversimplified generalizations about groups of people without regard for individual differences.

Workplace Diversity

The inclusion of individuals from a wide range of backgrounds, cultures, and perspectives in a professional setting, enhancing creativity and problem-solving.

Hidden Assumptions

Unconscious beliefs or presuppositions that influence an individual's decisions, actions, and interpretation of situations.