1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
matrenka [14]
4 years ago
14

In November and December 2020, Crane Company, a newly organized magazine publisher, received $79200 for 1,000 three-year subscri

ptions at $26 per year, starting with the January 2021 issue. Crane included the entire $79200 in its 2020 income tax return. What amount should Crane report in its 2020 income statement for subscriptions revenue
Business
1 answer:
Varvara68 [4.7K]4 years ago
7 0

Answer:

Crane should report $26,400 as subscription revenue in Income Statement

 

Explanation:

Amount received towards Subscription = $79,200 for 3 years

Subscription revenue to be recognized in Income Statement of 2020 =

= $79,200 / 3

= $26,400

You might be interested in
Please help??
kondaur [170]
I think c is the correct answer
3 0
3 years ago
Read 2 more answers
The Quaint Quilt produces and sells handmade quilts. Variable manufacturing costs total $140 per quilt. Fixed manufacturing over
alexgriva [62]

The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020

Calculation to determine the total variable costing income statement

Using this formula

Variable costing income statement=(Variable manufacturing costs+Variable selling and administrative costs )×Sales

Let plug in the formula

Variable costing income statement($140 + $19) x 780 quilts sold

Variable costing income statement=$159×780 quilts sold

Variable costing income statement=$124,020

Inconclusion The total variable cost reported on Quaint Quilt's variable costing income statement is: $124,020.

Learn more here:

brainly.com/question/13214374

4 0
3 years ago
In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
joja [24]

Answer:

The correct answer is the tax on food processors was unconstitutional.

Explanation:

On January 6, 1936, the Supreme Court decided in the United States v. Butler, that the act was unconstitutional for the collection of this tax on processors only so that it will be returned to the farmers. The regulation of agriculture was considered a state power. As such, the federal government could not force states to adopt the Agricultural Adjustment Act due to lack of jurisdiction. However, the Agrarian Law of 1938 remedied these technical problems and the agricultural program continued.

3 0
4 years ago
IKEA advertises throughout the year, but significantly increases its advertising during the back-to-school time frame, thus impl
wel

Answer:

Pulsing

Explanation:

Pulsing is the combination of flighting and persistent booking by utilizing a low promoting level lasting through the year and substantial publicizing during top selling periods.  

Product classes that are sold all year yet experience a flood in deals at irregular periods are great possibility for beating.

8 0
3 years ago
Alexandra owns stock in a corporation, and she just received 100 additional shares of stock as part of the corporation’s distrib
Marina CMI [18]

Answer:

The correct answer is A

Explanation:

Dividend is the amount of money or a payment which is made through the corporation or business to its shareholders, mostly as a distribution of profits. When the business or corporation have profits or the surplus, then the business is able to re- invest the profit further and then pay the proportion of the profit as the dividend to the company shareholders.

So, in this case, Alexandra who received 100 additional on the stock is the distribution of profit, which is called as dividends.

7 0
3 years ago
Other questions:
  • Woodland Lake Manufacturing has a new project that requires $652,000 of equipment. What is the depreciation in Year 5 of this pr
    14·1 answer
  • What are the three roles of the government within the economic flow.
    13·1 answer
  • Hilary was put on a new team by her manager. Ever since she shifted teams, Hilary has felt energized and motivated toward higher
    6·1 answer
  • Carla Vista Corporation recently reported an EBITDA of $30.70 million and net income of $9.7 million. The company had $6.8 milli
    6·1 answer
  • The two factors that determine the costs of manufacturing inputs (materials, labor, and overhead) are price and quantity.
    13·1 answer
  • By purchasing stock, you then become part owner of the company.<br><br> True <br> False
    11·1 answer
  • What is one thing you can do to help remember a new business contact? Write _______ on the back of his or her business card. A.
    15·2 answers
  • Which of the following statements about the free market is correct?
    14·1 answer
  • A firm operated at 80% of capacity for the past year, during which fixed costs were $198,000, variable costs were 66% of sales,
    5·1 answer
  • Which form of bankruptcy allows a debtor with a regular income to extinguish his or her debts from future earnings or other prop
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!