In 2011, a publisher received $100 for a magazine subscription, with the magazines to be delivered in
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In 2011, a publisher received $100 for a magazine subscription, with the magazines to be delivered in 2012 and 2013. The entry for 2013 would be:
At the end of 2013 [$100 / $40 / $50 / $25 / $0] would be reported as a liability on the balance sheet.
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