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A weight loss app had 12,000 subscribers on January 1, 2020. The number of subscribers increased steadily throughout the year and by December 31, 2020, there were 15,600 subscribers. The annual subscription cost was $20 on January 1, 2020 and was increased to $25 for new members on May 1, 2020. Subscriptions are paid in full at the beginning of the member term. When performing analytical procedures, what should the auditor's expectation for subscriptions collected in 2020? (enter amount only without $ sign)

A weight loss app had 12,000 subscribers on January 1, 2020. The number of subscribers increased steadily throughout the year and by December 31, 2020, there were 15,600 subscribers. The annual subscription cost was $20 on January 1, 2020 and was increased to $25 for new members on May 1, 2020. Subscriptions are paid in full at the beginning of the member term. When performing analytical procedures, what should the auditor's expectation for subscriptions collected in 2020? (enter amount only without $ sign)

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Accounting A weight loss app had 12,000 subscribers on January 1, 2020. The number of subscribers increased steadily throughout the year and by December 31, 2020, there were 15,600 subscribers. The annual subscription cost was $20 on January 1, 2020 and was increased to $25 for new members on May 1, 2020. Subscriptions are paid in full at the beginning of the member term. When performing analytical procedures, what should the auditor's expectation for subscriptions collected in 2020? (enter amount only without $ sign)
Transcribed Image Text:Accounting A weight loss app had 12,000 subscribers on January 1, 2020. The number of subscribers increased steadily throughout the year and by December 31, 2020, there were 15,600 subscribers. The annual subscription cost was $20 on January 1, 2020 and was increased to $25 for new members on May 1, 2020. Subscriptions are paid in full at the beginning of the member term. When performing analytical procedures, what should the auditor's expectation for subscriptions collected in 2020? (enter amount only without $ sign)
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