Multiple Choice
Hen House,Inc.collects all subscription revenue in advance.At December 31,2011,the company owed $50,000 to customers for unearned revenue.During 2012,the company received $150,000 in advance from its customers and delivered $190,000 of magazines to its customers.How much unearned revenue will Hen House report on its balance sheet at December 31,2012?
A) $200,000
B) $190,000
C) $10,000
D) $210,000
Correct Answer:
Verified
Correct Answer:
Verified
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