Improvements, a Home Improvement Magazine, Collected $960,000 in Subscription Revenue

question 140

Multiple Choice

Improvements, a home improvement magazine, collected $960,000 in subscription revenue on June 30. Each subscriber will receive an issue of the magazine in each of the next 12 months, beginning with the July issue. The company uses the accrual method of accounting. What is the amount of Subscription Revenue that has been earned by the end of December? (Round any intermediate calculations to two decimal places, and your final answer to the nearest whole number.)

• A) $400,000
• B) $560,000
• C) $960,000
• D) $480,000

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Definitions:

Transference

In psychoanalysis, the process by which patients project feelings and attitudes from a past relationship onto the therapist.

Psychodynamic Theorists

Specialists who explore the influence of unconscious mind on behavior, emphasizing childhood experiences, interpersonal relationships, and emotional drives.

Catharsis

The process of releasing, and thereby providing relief from, strong or repressed emotions.

Sociocultural Model

A theory that examines how social and cultural factors influence individual behavior, health, and psychological processes.