Minks Stink, Inc collected 12,000 in November 2012 from customers ...

[fahad]

Minks Stink, Inc collected 12,000 in November 2012 from customers in exchange for a 12-month subscription (starting in November) to its monthly magazine Minks Stink.
 
  The company should report 12,000 of revenue on its income statement for the year ended December 31, 2012.
  Indicate whether the statement is true or false

Question 2

SarbanesOxley applies to
 a. publicly held companies
  b. notforprofit organizations
  c. privately held businesses
  d. all of these

[alexanderhamilton]

Answer to Question 1

FALSE

Answer to Question 2

a

[fahad]

Thanks for the timely response, appreciate it

[alexanderhamilton]

YES! Correct, THANKS for helping me on my review