A firm reports subscription fee revenue on the income statement of $200,000. Beginning and ending unearned subscription fee revenues on the balance sheet are $88,000 and $78,000, respectively.

What is the amount of cash received from customers for fees? Note: your answer should be formatted as a whole number without currency symbols or punctuation.

What dollar adjustment is needed in the operating section of the cash flow statement under the indirect method? If the adjustment is a subtraction, indicate so with a negative number. Note: your answer should be formatted as a whole number without currency symbols or punctuation.

Answer rating: 100% (QA)

To determine the amount of cash received from customers for fees we need to consider how much revenu... View the full answer