Morbes Magazine is a magazine publisher who began their operations on April 1 , 2 0 2
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Morbes Magazine is a magazine publisher who began their operations on April On this date, Morbes sold oneyear subscriptions, with each subscriber paying $ Subscribers have to prepay for their subscriptions, thus Morbes received the cash from the subscriptions on April Due to rising costs, Morbes increased their subscription fee to $ per year beginning April and customers renewed their subscriptions, again paying the full amount to Morbes on April Due to a feature article about billionaire tycoon Betty DeRose in the August, issue, new subscribers purchased a oneyear magazine subscription beginning in September, at a rate of $ per year. All subscribers paid the full amount that was due to Morbes on September
Calculate the amount of unearned revenue shown in Morbes balance sheet at December
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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