6. Venible newspapers sold 6,000 of annual subscriptions at $150 each on June 1. How much unearned revenue will exist as of December 31? a. $900,000 b. $450,000 c. $375,000 d. $0 7. In a statement of cash flows, receipts from sales of property, plant, and equipment and other productive assets should generally be classified as cash inflows from: a. selling activities b. operating activities c. financing activities d. investing activities 8. Maso Co. assigned $1,600,000 of accounts receivable to Panda Finance Co. as security for a loan of $1,200,000. Panda charged a 2% commission on the amount of the loan; the interest rate on the note was 10%. During the first month, Maso accepted returns worth $7,500 and wrote off assigned accounts totaling $11,300. The amount of cash Maso received from Panda at the time of the assignment was: a. $1,181,200 b. $1,176,000 c. $1,168,000 d. $1,080,000 9. Merritt Equipment Company sells parts to Kane Repair during 2020. Merritt offers discount of 5% if the customer's purchases for the year exceed $100,000. In the past, Kane normally purchases $200,000 in parts during a calendar year. On April 30, 2020, Kane Repair purchased $80,000 of parts. What amount of revenue should Merritt record in connection with the April 30, 2020 sale? a. $76,000 b. $80,000 c. $100,000 d. $190,000