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What is the ending balance in the deferred revenue account

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Point 1: A company is the number one online music retailer through its iTunes music store. The company sells iTunes gift cards in $15, $25, and $50 increments. Assume the company sells $20.7 million in iTunes gift cards in November, and customers redeem $13.7 million of the gift cards in December.

Question 1: What is the ending balance in the Deferred Revenue account?

Reference no: EM132483963

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