In November and December 2013,Bee Company,a Newly Organized Newspaper Publisher,received

Multiple Choice

In November and December 2013,Bee Company,a newly organized newspaper publisher,received $72,000 for 1,000 three-year subscriptions at $24 per year,starting with the January 2,2014,issue of the newspaper.How much should Bee report in its 2013 income statement for subscription revenue?

A) $0
B) $12,000
C) $24,000
D) $72,000