Chapter 4, Problem 9CP

1.

To determine

Indicate the amount that should be reported as cash from operations on the statement of cash flows for the year ended March 31, 2021.

2.

To determine

Indicate the amount that should be reported on the income statement for subscriptions revenue for the year ended March 31, 2021.

3.

To determine

Indicate the amount that should be reported on the March 31, 2021, balance sheet for unearned subscriptions revenue.

4.

To determine

Prepare the adjusting entry at March 31, 2021 for the unearned subscriptions revenue.

5-(a).

To determine

Analyze the region’s performance, if revenue target is based on cash sales.

5-(b).

To determine

Analyze the region’s performance, if revenue target is based on accrual accounting.