Improvements,a Home Improvement Magazine,collected $240,000 in Subscription Revenue on June

question 36

Multiple Choice

Improvements,a home improvement magazine,collected $240,000 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) $100,000
• B) $140,000
• C) $240,000
• D) $120,000

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Definitions:

Leisure Time

Free time spent away from business, work, and domestic chores, where one can relax, engage in hobbies, or enjoy other activities.

Quick Response

The ability to react swiftly to a stimulus or an event, often used in contexts like emergency services or customer service.

Online Information

Data and content available on the internet, accessible through digital devices for purposes ranging from education to entertainment.

Quick Retention

The ability to rapidly memorize and recall information or skills shortly after exposure.