Revaluation Magazine Receives $90 in Advance from a Customer for a 3-Year

question 53

Multiple Choice

Revaluation Magazine receives $90 in advance from a customer for a 3-year subscription.Revaluation Magazine's entry to record this transaction would include:

• A) debit to Unearned Subscription Revenue for $90
• B) credit to Unearned Subscription Revenue for $90
• C) debit to Subscription Revenue for $90
• D) credit to Subscription Revenue for $90

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Definitions:

Surface Area

The total area that the surface of an object occupies, impacting its chemical reactivity and physical interactions.

Kinetic Energy

The energy possessed by an object due to its motion, calculated as one half the mass times the velocity squared.

Reaction Sites

Specific regions on a molecule where a chemical reaction occurs or is facilitated.

Particle Orientation

The specific alignment or direction of particles' axes relative to each other or to external fields, influencing their reactions and properties.