Question
On April 1, Garcia Publishing Company received $2,718 from Otisco, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the
On April 1, Garcia Publishing Company received $2,718 from Otisco, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately. What is the amount of revenue that should be recorded by Garcia Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period?
Multiple Choice
$906.00.
$75.50.
$227.00.
$0.
$680.00.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Olds
8th edition
978-1259569197
