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What is the amount of subscription revenue

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Question - Improvements, a home improvement magazine, collected $120,000 in subscription revenue on June 30. Each subscriber will receive an issue of the magazine in each of the next 12 months, beginning with the July issue. The company uses the accrual method of accounting. What is the amount of Subscription Revenue that has been earned by the end of December?

A. $120,000

B. $50,000

C. $70,000

D. $60,000

Reference no: EM132592351

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