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20 If $120,000 is collected in advance on October 1 for 6-month magazine subscriptions, the amount of subscription revenue earned by December 31 is: $20,000

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If $120,000 is collected in advance on October 1 for 6-month magazine subscriptions, the amount of subscription revenue earned by December 31 is: $20,000 b. $80,000 $60,000 O d. $120,000

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