Enoch, Inc. began operations on July 1, 2011. On August 1, it received $12,000 in advance for services to be performed evenly over the next 12 months. How much unearned revenue should the company report on its balance sheet at August 31, 2011?
A) $12,000
B) $1,000
C) $11,000
D) $5,000
C
Business
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The Simone Trust reported distributable net income of $120,000 for the current year. The trustee is required to distribute $60,000 to Kent and $90,000 to Lind each year. If the trustee distributes these amounts, what amount is includible in Lind's gross income?
A. $0 B. $60,000 C. $72,000 D. $90,000
Business
Identify product characteristics that influence the rate of adoption. Explain how each characteristic affects the rate of adoption
What will be an ideal response?
Business