Multiple Choice
On April 1, Griffith Publishing Company received $1,548 from Santa Fe, Inc. for 36-month subscriptions to several different magazines. The subscriptions started immediately.
- What is the amount of revenue that should be recorded by Griffith Publishing Company for the first year of the subscription assuming the company uses a calendar-year reporting period?
A) $387.
B) $430.
C) $516.
D) $129.
E) $0.
Correct Answer:
Verified
Correct Answer:
Verified
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