80.2K

Verified Solution

Link Copied!

Question 81 pts Hook Company sells subscriptions to a specialized directory that is published semi-annually and shipped to subscribers on March 15 and September 15. Subscriptions received after the February 28 and August 30 cut-off dates are held for the next publication. Cash from subscribers is received evenly during the year and is credited to deferred revenue from subscriptions. Deferred revenue from subscriptions - January 1 2,250,000 Cash receipts from subscribers during the current year 10,800,000 What amount should be reported as deferred revenue from subscription on December 31? Flag this Question Question 91 pts Use the information for the next four (4) questions. Lalala Company has an agreement to pay the sales manager a bonus of 5% of the entity's earnings. The income for the year before bonus and tax is P7,875,000 The income tax rate is 30% of income after bonus. How much is the bonus, assuming bonus is a certain percent of the income before bonus and before tax? Flag this Question Question 101 pts How much is the bonus, assuming bonus is a certain percent of income after bonus but before tax? Flag this Question Question 111 pts How much is the bonus, assuming bonus is a certain percent of income after bonus and after tax? Flag this Question Question 121 pts How much is the bonus, assuming bonus is a certain percent of income after tax but before bonus

Answer & Explanation Solved by verified expert

See Answer