Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Also, the following Information on its current liabilities was wcluded in its comparative balance sheets CURRENT LIABILITIES Commercial paper outstanding Accounts payable Accrued payroll and

image text in transcribed
Also, the following Information on its current liabilities was wcluded in its comparative balance sheets CURRENT LIABILITIES Commercial paper outstanding Accounts payable Accrued payroll and other related liabilities Accrued expenses Accrued income taxes Deferred subscription revenue Current portion of long-term debt and lease obligations Total current liabilities $157,300,000 $290,251,000 $169,95e,eee $173,552, eee $ 80,299,000 $125,983, 600 $159,867, eee $189,748,800 $224, 220, ebe $ 9,842,800 $ 60,786,eee $ 89,385,000 $ 2,524.eee $ 2,589,60 $854,866,00 $872,358, Bea Required: Assuming that Ank-Morpork Times Inc. collected $439,000,000 In cash for home-delivery subscriptions during fiscal year 2021, what amount of revenue did It recognize during 2021 from this source? Show the relevant T-account Information to support your answer Complete this question by entering your answers in the tabs below. Rayon T account Assuming that Ank-Morpork Times Inc, collected 5439.000.000 in cash for home delivery subscriptions during fiscal year 2021. show the relevant T-account information to support your answer. Deferred Subscriptions Reve Bee Bal can colected Revenue ecogne Pren 22 et 24 Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_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

Auditing Theory And Practice

Authors: Jerry R. Strawser, Robert H. Strawser

9th Edition

0873939336, 978-0873939331

More Books

Students also viewed these Accounting questions