Ease Print Company offers its customers two types of services for after-sale of their office printers....
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Ease Print Company offers its customers two types of services for after-sale of their office printers. There are two service options available in 2023: 1) One-time cleaning and servicing of a printer at a cost of $400. Customers can get a 20% discount from this price if they pay before the company's fiscal year end for maintenance services to be performed in the following year. 2) A four-year maintenance plan at a cost of $700. The first year's maintenance service will be delivered before the company's fiscal year end. No discount for early payment is offered for this plan. Ease Print Company has a year end of December 31. In its fiscal year 2023, the company had cash sales of 100 one-time plans for the current year, 120 discounted one-time plans for the following year, and 200 three-year maintenance plans. By how much, if any, is equity impacted as a result of recording all service revenue on December 31, 2023? (adpq_100) Select one: O O O O a. Increase of $75,000 b. Decrease of $143,400 c. Increase of $218,400 d. No change Ease Print Company offers its customers two types of services for after-sale of their office printers. There are two service options available in 2023: 1) One-time cleaning and servicing of a printer at a cost of $400. Customers can get a 20% discount from this price if they pay before the company's fiscal year end for maintenance services to be performed in the following year. 2) A four-year maintenance plan at a cost of $700. The first year's maintenance service will be delivered before the company's fiscal year end. No discount for early payment is offered for this plan. Ease Print Company has a year end of December 31. In its fiscal year 2023, the company had cash sales of 100 one-time plans for the current year, 120 discounted one-time plans for the following year, and 200 three-year maintenance plans. By how much, if any, is equity impacted as a result of recording all service revenue on December 31, 2023? (adpq_100) Select one: O O O O a. Increase of $75,000 b. Decrease of $143,400 c. Increase of $218,400 d. No change
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