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Business, 18.06.2020 20:57 lelliott86

In November and December 2020, Crane Company, a newly organized magazine publisher, received $75300 for 1,000 three-year subscriptions at $23 per year, starting with the January 2021 issue. Crane included the entire $75300 in its 2020 income tax return. What amount should Crane report in its 2020 income statement for subscriptions revenue?

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