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Professor-Led Courses University of Houston - Downtown Campus - FALL(19) - ACC 3300 :: EQE...

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Professor-Led Courses University of Houston - Downtown Campus - FALL(19) - ACC 3300 :: EQE FIN Assessment Assessment Question Question: 2 of 10 Status: Unanswered User: Christian Jimenez Time Remaining: 1 hour 25 minutes 45 seconds Aneen's Video Mart sells 1 and 2-year mail order subscriptions for its video-of-the-month business. Subscriptions are collected in advance and credited to sales. An analysis of the recorded sales activity revealed the following: Year 1 Year 2 Sales $420,000 $500,000 Cancelations (20,000) (30,000) Net sales $400,000 $470,000 Subscriptions expirations: Year 1 $120,000 Year 2 155,000 $130,000 Year 3 125,000 200,000 Year 4 140.000 $400,000 $470,000 In Aneen's December 31, Year 2, balance sheet, the balance for unearned subscription revenue should be A $495,000 B. $340,000 C. $465,000 D. $470,000 Directions: Select the best answer. Previous Mark Review Items Next

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