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What is the proper balance sheet disclosure

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Question - Essay style question - On July 1, 20X7, Vasquez Publishing Company sold 1,000 two-year subscriptions to a monthly magazine. The subscriptions sold for $18 each. The first issue was mailed at the end of July. What is the proper balance sheet disclosure regarding this transaction for Vasquez at December 31, 20X7?

Reference no: EM132092337

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