(s) In November and December of 2020, Marle Co. received $380,000 for 25,333 2 year subscriptions to their new magazine, starting in 2021. How much revenue should Marle Co. record in 2020 from these subscriptions? (AC 12) O $0 O $31,667 O $190,000 O $380,000

Am. 355.

Sales made in 2021 for $3,000,000 includes a 2-year warranty coverage, included in the price.  The estimated cost for warranty is expected to be 2% for the first year and 5% for the second year.  How much warranty expense should be recorded in 2021? Question 4 options:   $60,000   $150,000   $100,500   $210,000

nkj.2

At Dec. 31, 2019. H&M Co. had gift certificates outstanding, which had been sold to customers during 2019 for P 100 each H& M operates on a gross margin of 60% of its sales. What amount of revenue pertaining to the 10,000 outstanding gift certificates should be deferred at Dec. 31, 2019. *   A.N one B.400,000 C.600,000 D.1,000,000

What is the liability for the outstanding premiums at year-end?*   a. 2,000,000 b. 562,500 c. 2,250,000 d. 500,000

71. Sbject :- Accounting

On September 30, 2020, Zee Company paid P240,000 for equipment that will be used for the next four years. What is the equipment's carrying value on December 31, 2023? O P240,000 O P225,000 O P165,000 O P105,000

27 On June 1, 2022, Iconic Properties obtained a loan in the amount of $120,000 with an interest rate of 12%.  All interest and principal are due May 31, 2023.  How much interest expense will be reported on the 2022 and 2023 income statement?  What is the total liability, if any, on the balance sheet as of December 31, 2022?

Problem 9. At December 31, 2021, Cactus Co. had 10,000 gift certificates outstanding which had been sold to customers during 2021 for P100 each. Cactus operates on a gross margin of 60% of its sales. What amount of revenue pertaining to the 10,000 outstanding gift certificates should be deferred at December 31, 2021?