Answer:
The answer is true
Explanation:
Unearned Subscription Revenue is the revenue that has not been earned but the money has been received ahead of the service. It is termed as a liability because the customer can terminate the contract anytime.
As the customer enjoys the service, subscription revenue will be recognized monthly by the calculated proportion and this unearned subscription revenue will decrease by the same amount.
12-month subscription is $360
Therefore, the subscription charge for each month will be $30($360/12months).
August 1 through December 31 is 5 months.
Therefore, the amount for adjusting entry on this day will be $150(5 months x $30).
Note: Debit increases asset and expenses while credit decreases it. And debit decreases liability, equity, revenue while credit increases it.
Answer:
The correct word for the blank space is: content.
Explanation:
Content goals are those important or that have a high value. These objectives are typically involved in the personal or professional development of individuals. Content goals imply a higher involvement and usually are objectives that cannot be set aside compared to other goals.
Answer:
$2,640,000
Explanation:
Given the above information,
Creditor's claim is computer as
= Assets - Common stock - retained earnings
Given that
Assets = $4,345,000
Common stock = $1,076,000
Retained earnings = $629,000
Creditor's claim on their asset = $4,345,000 - $1,076,000 - $629,000
= $2,640,000
Answer:
The purpose of a debt service fund is to pay back long term debt issued to finance a specific government project alongside with the principal and interest accrued to it.
Part B: Yes
Explanation:
A debt service fund require budgeting because with budgeting, payments of debts are easily managed and it also ensures fund availability as at the moment it is needed.
Answer: Andrea's career is an example of a traditional career.
Explanation: As the description says, Andrea's a preschool teacher that works with four-year-olds and three-year-olds every day from nine to three. An example of entrepreneurship would be to start up a business usually using their money to start the venture, preschool teachers aren't an example of entrepreneurship because preschool teachers do not start up a business to start a venture. An example of a remote worker does not match with being a preschool teacher since preschool teachers work in a traditional office. A remote worker is a person that works from outside of a traditional office. An example of a non-traditional career path is not being a preschool teacher since being a preschool teacher is a traditional career path. Therefore, Andrea's career path, being a preschool teacher, is a traditional career.