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What is the ending balance in the deferred revenue account

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Reference no: EM133065922

Question - Apple Inc. is the number one online music retailer through its iTunes music store. Apple sells iTunes gift cards in $15, $25 and $50 increments. Assume Apple sells $19.6 million in iTunes gift cards in November, and customers redeem $12.6 5 million of the gift cards in December. What is the ending balance in the Deferred Revenue account?

Reference no: EM133065922

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