Question: A software company offers a subscription-based service. Determine the deferred revenue balance as of February 28th, considering the following: Annual subscription fee: $1,200 per customer

A software company offers a subscription-based service. Determine the deferred revenue balance as of February 28th, considering the following:


    • Annual subscription fee: $1,200 per customer
    • 50 customers subscribed on February 1st
    • The subscription period starts on March 1st

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