Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

30. On May 1, 2019, Luke paid LinkedIn $1,200 for his 2-year subscription for online professional networking. The subscription starts immediately. What amount of revenue

30. On May 1, 2019, Luke paid LinkedIn $1,200 for his 2-year subscription for online professional networking. The subscription starts immediately. What amount of revenue should LinkedIn record for the years of 2019 and 2020?

A. Year 2019 = $1,200; Year 2020 = $0

B. Year 2019 = $600, Year 2020 = $600

C. Year 2019 = $400; Year 2020 = $600

D. The answer cannot be determined based on the information given

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Edp Auditing A Functional Approach

Authors: Albert J. Harnois

1st Edition

0132246848, 978-0132246842

More Books

Students also viewed these Accounting questions

Question

★★★★★

Given the characteristics of useful accounting information, complete each of the following statements. (a) For information to be _____, it should have predictive and confirmatory value. (b) _____ is...

Answered: 1 week ago

Question

★★★★★

Simplify the expression. (-4xy 3 )(7x 2 y)

Answered: 1 week ago

Question

★★★★★

There are three types of geneenvironment correlations: passive, evocative, and active. Their relative importance changes with development.

Answered: 1 week ago

Question

★★★★★

During normal business hours on the east coast, calls to the toll-free reservation number of the Nite Time Inn arrive at a rate of 5 per minute. It has been determined that the number of calls per...

Answered: 1 week ago

Question

★★★★★

+EXPLAIN HOW YOU FOUND EACH ANSWER+ IGY is a US manufacturer of many types of high quality products. You are a member of the Accounting Department at IGY, LTD and you have been provided with 2020...

Answered: 1 week ago

Question

★★★★★

. Restrictive Covenant* 7.500 * Goodwill 300,000 . Oil Inventory purchased at cost, generated no gain or loss REtrict7ve 7. SCO 303.000 Oil it gyn

Answered: 1 week ago

Question

★★★★★

If a cost can be traced directly to its cost object, why might a company choose not to trace but to rather include the cost in the indirect cost category and allocate on some arbitrary basis? Let's...

Answered: 1 week ago

Question

★★★★★

READ the article, NBAA Humanitarian Emergency Response Operator (HEOR) Database (https://nbaa.org/aircraft-operations/hero-database/humanitarian-groups/ ), presented by the National Business Aviation...

Answered: 1 week ago

Question

★★★★★

23. Refer to BTZ Company. What is the net cash flow in Year 2? 12:28 a. Php298,813 b. Php473,813 c. Php498,813 d. Php626,875 050 145 VALUATION CONCEPTS AND METHODOLOGIES 24. Unicap Company is opening...

Answered: 1 week ago

Question

★★★★★

Explain the Stuxnet virus. Be sure to cover what its goals were thought to be, how successful it was in accomplishing those goals, the possible methods of initial system infections, how it was...

Answered: 1 week ago

Question

★★★★★

Anna, Luke, Charlotte, Diego and Emma share ownership of an apartment building under a tenancy in common, with equal shares of 20%. If Charlotte dies, which one of the following represents the...

Answered: 1 week ago

Question

★★★★★

Discuss what role the government has in the area of executive pay. Ensure you update yourself on the latest developments in this area before answering this question.

Answered: 1 week ago

Question

★★★★★

Consider the advantages and diffi culties of using the bank competency form ( Figure 5.6 ) from the viewpoint of the manager and the person being appraised.

Answered: 1 week ago

Question

★★★★★

In the Meteor case study, what would be the outcomes of the new pay system that would make employees very unhappy with the new system?

Answered: 1 week ago

Previous Question Next Question