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How much revenue should the company recognize

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Reference no: EM133008451

Problem 1: Newport News sells annual subscriptions to its newsletter for $45. The company collects in advance and mails the newsletters to subscribers on a monthly basis. During 2020, the company sold a total of 350 subscriptions: 100 at the beginning of February, 150 at the beginning of June, and 100 at the beginning of November. Under the revenue recognition principle, how much revenue should the company recognize in 2020?

Reference no: EM133008451

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