User Account

All Pages

How much should dimples report unearned subscription

Assignment Help Accounting Basics
Reference no: EM133178467

Question - Dimples Company sells subscriptions to a specialized directory, which is issued semi-annually and distributed to subscribers on April 15 and October 15. Subscriptions acquired after the March 31 and September 30 deadlines are kept for the following issue. Cash from subscribers is received evenly throughout the year and is credited to deferred subscription revenues. The following data are for 2021:

Unearned Subscriptions, 12/31/2020 - P3,000,000

Cash receipts from subscribers - P14,400,000

Required - How much should Dimples report Unearned Subscription on its December 31, 2021 statement of financial position?

Reference no: EM133178467

Questions Cloud

What amount should bergify recognize as depreciation expense : Bergify uses double-declining method of depreciating its assets. What amount should Bergify recognize as depreciation expense on the leased asset for 2022
How much is the amount of provision for warranty : The cost of rectifying the normal defect is P10,000 while the significant defect is P30,000. How much is the amount of provision for warranty
Benefits of technology for the delivery of training : 1. What are the most important factors to consider when selecting training methods?
How does awesome pretzel company survive : You own the Awesome Pretzel Company, a small, 3 table pretzel shop and bakery. The shop specializes in traditional pretzels as well as several other flavors and
How much should dimples report unearned subscription : The following data are for 2021: Unearned Subscriptions, 12/31/2020 - P3,000,000. How much should Dimples report Unearned Subscription
Benefits of Electronic Medical Record : What was your most significant learning in this course, especially as it relates to the use, functionality and benefits of the Electronic Medical Record?
How much is the gain on sale of returnable containers : How much is the "Gain on Sale of Returnable Containers" to be recognized by Zest in its Statement of Comprehensive Income for fiscal year 2022
Why is an organizational strategy important : Question 1: Why is an organizational strategy important in recruitment?
How much are the lease liability and the right of use asset : How much are the lease liability and the right of use asset after first payment as of January 1, 2022 and after determining the most likely

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ratios liquidity ratios current ratioacid-test

Riodan manufactoring ratios Liquidity ratiosCurrent ratioAcid-test, or quick, ratioReceivables turnoverInventory turnoverProfitability ratiosAsset turnoverProfit marginReturn on assetsReturn on common stockholdersâ?? equitySolvency ratiosDebt...

  Record the gain or loss on the Medical Company common stock

June 25, Brown received a $1.30 per share dividends for the Medical Co. common stock. Record the gain or loss on the Medical Company common stock

  Determine dollar value of sales for dorchester to breakeven

During FY 2019, Dorchester Company plans to sell Widgets for $15 a unit. Determine dollar value of sales for Dorchester to breakeven

  Prepare journal entries for march month

Prepare journal entries for march month,March 1 sold merchandise on account to Dodson company for $8,800, terms 6/10, n/30

  How much gain or loss is realized on each asset

The grid corporation owns a bank of boring machines. They regularly replace 2 machines each year. How much gain or loss is realized on each asset

  Compute the present value of gap operating leases

Compute the present value of GAP's operating leases using a 6% discount rate and round the remaining lease term to the nearest whole year

  Record the journal entry on the stock options grant date

The options serve as compensation for services rendered during the first three years. Record the journal entry on the stock options grant date

  Which is not a typical outcome of implementing just-in-time

Which is not a typical outcome of implementing the just-in-time (JIT) system? Increased manufacturing flexibility. / Lower defect rates

  Tally amp co incurred a pretax operating loss of 100000 in

tally amp co. incurred a pretax operating loss of 100000 in its first year of operations for both financial reporting

  Prepare sheffield entries to record all transactions

Prepare Sheffield's 2020 entries to record all transactions and events related to its significant influence investment in Krov Corporation

  Problem regarding the computerized accounting system

From the e-Activity, examine the greatest threats to a computerized accounting system. Suggest two (2) preventive measures or remedies to protect the system and / or mitigate negative impact to the system. Provide a rationale for your response.

  House of representatives

You're a paralegal at a law firm. You learn through work that one of the firm's corporate clients is going to declare a stock split that will likely increase the value of their stock. You mention this to your spouse. He or she promptly goes out an..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd