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Business, 15.10.2020 21:01 nonjabulomabaso8371

A check for $120 arrives at Mad magazine on June 1st, 1988 for payment of a year’s subscription of magazines. Starting in July, 1988, the magazines are delivered monthly for the next twelve months. As a result of this activity: X: Net income increases in 1988 by $120

Y: earnings increase by $70 in 1988 and $50 in 1989

A. X
B. Y
C. Both
D neither

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