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    Intermediate Accounting IFRS
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    Exam 2: Review of the Accounting Process
  5. Question
    When a Magazine Sells Subscriptions to Customers, It Is an Example
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When a Magazine Sells Subscriptions to Customers, It Is an Example

Question 121

Question 121

Multiple Choice

When a magazine sells subscriptions to customers, it is an example of:


A) An accrued liability transaction.
B) An accrued receivable transaction.
C) A prepaid expense transaction.
D) An unearned revenue transaction.

Correct Answer:

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