Question
Enoch, Inc. began operations on July 1, 2009. On August 1, it received $12,000 in advance for services to be performed evenly over the next
Enoch, Inc. began operations on July 1, 2009. On August 1, it received $12,000 in advance for services to be performed evenly over the next 12 months. How much of this revenue should the company report on its income statement for the YEAR ended December 31, 2009?
a. $12,000
b. $1,000
c. $11,000
d. $5,000
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
