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Natural Art, Inc. collected $24,000 in September 2018 from customers in exchange for 12-month subscriptions to its monthly magazine Surfing Times. The October issue was

Natural Art, Inc. collected $24,000 in September 2018 from customers in exchange for 12-month subscriptions to its monthly magazine Surfing Times. The October issue was the first issue of the subscription. How much revenue should the company report on its income statement for the year ended November 30, 2018? A. No revenue will be recognized until all the magazines are delivered. B. $4,000 C. $12,000 D. $6,000 Reset Selection

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