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Business, 16.07.2021 06:20 Kangarue27

You are the regional sales manager for Standard Publishing Co. The company is preparing adjusting entries for the year ended March 31, 2021. On September 1, 2020, customers in your region paid $180,000 cash for three-year magazine subscriptions beginning on that date. The magazines are published and mailed to customers monthly. These were the only subscription sales in your region during the year. What amount should be reported on the income statement for subscription revenue for the year ended March 31, 2021

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