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yulyashka [42]
3 years ago
6

Better Publications sold annual subscriptions to their magazine for $42,000 in December, 2016. The magazine is published monthly

. The new subscribers received their first magazine in January, 2017. What adjustment should be made in January if the subscriptions were originally recorded as a liability?
Business
1 answer:
Amanda [17]3 years ago
7 0

Explanation:

The adjusting entry is as follows

On January 31

Unearned revenue A/c Dr $3,500

     To Magazine subscription  revenue A/c $3,500

(Being the unearned revenue is recorded)

The computation is shown below:

= Sale value of annual subscriptions ÷ total number of months in a year

= $42,000 ÷ 12 months

= $3,500

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I'd say it's 4 because school social workers support students.
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3 years ago
Novak Corp. has 6000 shares of 5%, $100 par value, cumulative preferred stock and 12000 shares of $1 par value common stock outs
Annette [7]

Answer:

See below

Explanation:

Given the above data,

Preferred shares = 6,000 shares × $100 = $600,000

Dividend on preference shares = $600,000 × 5% = $30,000 per year

Dividend declared in 2019

= $55,800

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Dividend declared in 2020 =$55,800

Preferred dividend declared in 2020 = $30,000 + $4,200 = $34,200

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5 0
2 years ago
7.Consider two metropolitan areas, one that has many small school districts and one that has only a few large school districts.
lorasvet [3.4K]

Answer and Explanation:

Efficiency and equality:  

We have given the information that there are two areas one has many small school and another has few large schools. The area which has many small schools faces a large competition as there are large numbers of school in that area. In order to maintain equality and efficiency the voucher system should announced in the area which has few large schools. Introducing the voucher system in this few large school region help to maintain equality as there is less competition. Whereas the introduction of the voucher system in an area which has many large schools increases the inequality as there is high competition and this inequality also stimulated by the migration factor. So, these are the effects of voucher system in different areas.

6 0
3 years ago
Advances in technology like the creation of cheap, lightweight laptops has allowed workers to work from almost anywhere. Please
andriy [413]

Answer:

Got this from the same website you used

Explanation:

Advances in technology like the creation of cheap, lightweight laptops have allowed workers to work from almost anywhere. TRUE.

5 0
2 years ago
Flannery Corporation owns machinery with a book value of $520,000. It is estimated that the machinery will generate future cash
Aleonysh [2.5K]

Answer:

(d)$105,000.

Explanation:

Since the book value is more than the generated future cash flows so book value cannot be recovered. In this case, the generated future cash flows are ignored  

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In mathematically,  

= Book value of machinery - fair value of machinery

= $520,000 - $415,000

= $105,000

5 0
3 years ago
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