Hawks News Inc. sells a monthly magazine called The Hawk. Hawks News Inc. has chosen a...
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Hawks News Inc. sells a monthly magazine called "The Hawk". Hawks News Inc. has chosen a December 31 fiscal year end and began operations in 2020. During the year ended December 31, 2020 Hawks News Inc. received customer subscription payments as follows: Subscriptions for the period October 2020-September 2021 $ 4350 Subscriptions for the period November 2020-October 2021 $8940 Subscriptions for the period December 2020-November 2021 $11490 Hawks News Inc. delivered the magazine subscriptions for October, November and December. Calculate the amount of subscriptions revenue Hawks News Inc. will recognize for the year ended December 31, 2020. Your Answer: Answer Hawks News Inc. sells a monthly magazine called "The Hawk". Hawks News Inc. has chosen a December 31 fiscal year end and began operations in 2020. During the year ended December 31, 2020 Hawks News Inc. received customer subscription payments as follows: Subscriptions for the period October 2020-September 2021 $ 4350 Subscriptions for the period November 2020-October 2021 $8940 Subscriptions for the period December 2020-November 2021 $11490 Hawks News Inc. delivered the magazine subscriptions for October, November and December. Calculate the amount of subscriptions revenue Hawks News Inc. will recognize for the year ended December 31, 2020. Your Answer: Answer
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For the year ended December 31 2020 Hawks News Inc will recognize revenue only for the ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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