Subscription owing $ 6,000 (31/12/2014);

Subscription in advance $ 4,000 (31/12/2014);

Cash received as subscription during the year was $ 80,000.

The subscription for the year 2014 was?

  • A $90,000
  • B $82,000
  • C $78,000
  • D $70,000

The correct answer is B. $82,000

No explanation given
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