Weekly news, Inc., publishes a weekly newspaper 52 weeks out of the year. The company sells one year subscriptions to tis newspaper for $52 collected in advance. During its first year of operations, the company sold subscriptions to 1,000 customers. By the end of that first year, on average, customers had received 13 weekly copies. What is the amount of subscription revenue that should be reported on the income statement for that first year of operations?

Answer rating: 100% (QA)

13000 is the amount of s... View the full answer