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On April 1, Santa Fe, Inc

question 8

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On April 1, Santa Fe, Inc. paid Griffith Publishing Company $1,548 for 36-month subscriptions to several different magazines. Santa Fe debited the prepayment to a Prepaid Subscriptions account, and the subscriptions started immediately.
-What adjusting entry should be made by Santa Fe, Inc. for the adjustment on December 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustments had been made?


Definitions:

Gender-role Identity

An individual's personal sense of themselves in relation to the cultural norms about gender and gender roles.

Gender Stereotype

Preconceived notions and generalizations about the roles, behaviors, and attributes of men and women based primarily on their sex.

Sexual Orientation

An individual's pattern of emotional, romantic, or sexual attraction to people of the same gender, different genders, both, or neither.

Benevolent Sexism

An attitude that feels positive and is characterized by affectionate but patronizing beliefs toward women.

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