Acct 202 cert exam - Study guides, Class notes & Summaries
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ACCT 202 Cert Exam Questions with 100% Correct Answers| Already Passed Grade A
- Exam (elaborations) • 74 pages • 2024
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All of the following are reported as current liabilities except 
a) bonds payable. 
b) unearned revenues. 
c) notes payable. 
d) accounts payable. - a) bonds payable
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ACCT 202 Cert Exam Questions with 100% Correct Answers| Already Passed Grade A
- Exam (elaborations) • 74 pages • 2024
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- $12.99
- + learn more
Pickett Company typically sells subscriptions on an annual basis, and publishes six times a year. The 
magazine sells 80,000 subscriptions in January at $15 each. What entry is made in January to record the 
sale of the subscriptions? 
a) Subscriptions Receivable 200,000 
Unearned Subscription Revenue 200,000 
b) Subscriptions Receivable 1,200,000 
Subscription Revenue 1,200,000 
c) Cash 1,200,000 
Unearned Subscription Revenue 1,200,000 
d) Prepaid Subscriptions 1,200,000 
Cash 1,200,000 - c) C...
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