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What amount should be reported as deferred revenue

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Reference no: EM132786926

Hart Company sells subscriptions to a specialized directory that is published semiannually and shipped to subscribers on April 15 and October 15.

  • Subscriptions received after the March 31 and September 30 cut-off dates are held for the next publication.
  • Cash from subscribers is received evenly during the year and is credited to deferred revenue from subscriptions.
  • Deferred revenue from subscriptions-January 1 1,500,000
  • Cash receipts from subscribers during the current year 7,200,000

Question 1: What amount should be reported as deferred revenue from subscription on December 31?

a. 1,800,000

b. 3,300,000

C. 3,600,000

d. 5,400,000

Reference no: EM132786926

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