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How much is subscription revenue on the year-end

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Question 1: Dean Company began selling annual magazine subscriptions on October 1, 2019. Magazines are delivered monthly. The selling price of a subscription is $24. Subscription contracts were as follows: Oct 1 sold 250, Nov 1 sold 300, Dec 1 sold 400. How much is Subscription Revenue on the year-end Income Statement?

Option a. $22,800

Option b. $3,500

Option c. $18,300

Option d. $19,300

Reference no: EM132570008

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