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TB MC Qu.03-195(Algo) On April 1, Garcia Publishing Company... On April 1, Garcia...

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Accounting

TB MC Qu.03-195(Algo) On April 1, Garcia Publishing Company...
On April 1, Garcia Publishing Company received $2,808 from Otisco, Incorporated for 36-
month subscriptions to several different magazines. The subscriptions started immediately.
What is the amount of revenue that should be recorded by Garcia Publishing Company for the
first year of the subscription assuming the company uses a calendar-year reporting period?
Multiple Choice
$0.
$936.00.
$702.00.
$234.00.
$78.00.
image

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