(Solved by Humans)-Your Turn 3-3 Out of 12 months of magazines, 7 months have been delivered at December 31. That...
Question
Your Turn 3-3 Out of 12 months of magazines, 7 months have been delivered at December 31. That means 7/12 of the $300,000 collected in advance has actually been earned by December 31. When the cash was collected, the recognition of the revenue was deferred-put off or postponed because it had not been earned. At December 31, the company recognizes $175,000 worth of revenue. That means it will put $175,000 worth of revenue on the income statement and reduce the liability unearned revenue on the balance sheet.
Bypass any proctored exams 2025. Book your Exam today!
? Stressed About Your Proctored Exam? You're Not Alone. But We've Got the Solution! ?
Failing attempts? Confusing materials? Overwhelming pressure?
✨ We help you pass your exam on the FIRST TRY, no matter the platform or proctoring software.
✅ Real-time assistance
✅ 100% confidential
✅ No upfront payment—pay only after success!
? Don’t struggle alone. Join the students who are passing stress-free!
? Visit https://proctoredsolutions.com/ and never get stuck with an exam again.
? Your success is just one click away!
Failing attempts? Confusing materials? Overwhelming pressure?
✨ We help you pass your exam on the FIRST TRY, no matter the platform or proctoring software.
✅ Real-time assistance
✅ 100% confidential
✅ No upfront payment—pay only after success!
? Don’t struggle alone. Join the students who are passing stress-free!
? Visit https://proctoredsolutions.com/ and never get stuck with an exam again.
? Your success is just one click away!