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Author Question: Control goals of operations processes include: a. validity b. the control environment c. accuracy ... (Read 143 times)

mspears3

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on: Jul 5, 2018
Control goals of operations processes include:
 a. validity
  b. the control environment
  c. accuracy
  d. security of resources

Question 2

Reader, Inc collected 12,000 in October 2011 from customers in exchange for 12-month subscriptions to its monthly magazine Reader. The October issue was the first issue of the subscription.
 
  How much revenue should the company report on its income statement for the year ended March 31, 2012?
  A) 12,000
  B) 8,000
  C) 6,000
  D) No revenue will be recognized until all the magazines are delivered.


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coreycathey

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Reply #1 on: Jul 5, 2018
Answer to Question 1

D

Answer to Question 2

C


mspears3

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

mohan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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