Answer:
$3,000
Explanation:
Given that,
On April 1, 2021, total sales of one-year subscriptions = $12,000
Total number of months for which subscription is received = 12 months
Months Relating to year 2022 for which subscription received on 1 April 2021:
= From January 1, 2022 to March 31, 2022
= 3 Months
Deferred revenue is for the three months.
Therefore, the adjusted balance of Deferred Revenue on December 31, 2021 is as follows:
= Amount of subscriptions received × Time period
= $12,000 × (3 ÷ 12)
= $3,000
Hey how you doing lollipop you doing hope answer 20%
An effect of the Sarbanes-Oxley Act of 2002 was to reduce the accounting profession’s level of self-regulation.
<h3>What did the Sarbanes-Oxley Act of 2002 do?</h3>
The Sarbanes-Oxley Act of 2002 was passed in the wake of the Enron and WorldCom financial sagas in order to reduce the incidence of companies misleading their stockholders.
The Sarbanes-Oxley Act of 2002 led to more regulation over the accounting profession and a reduction in their self-regulation because large accounting companies had been implicated in the saga.
Find out more on the Sarbanes-Oxley Act of 2002 at brainly.com/question/13398903
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I believe the answer is B if not let me know
