skylarladson2549
15.10.2020 •
Business
A check for $120 arrives at Mad magazine on June 1st, 1988 for payment of a year’s subscription of magazines. Starting in July, 1988, the magazines are delivered monthly for the next twelve months. As a result of this activity:
X: Net income increases in 1988 by $120
Y: earnings increase by $70 in 1988 and $50 in 1989
A. X
B. Y
C. Both
D neither
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