On January 1 , Fashion Magazine received $ 1 5 , 9 6 0 from subscribers for
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Question:
On January Fashion Magazine received $ from subscribers for the annual subscriptions that it recorded in Unearned Revenue. The issues of the magazine are sent digitally to subscribers monthly.
What amount of subscription revenue should the magazine recognize on January when the first issue is sent?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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