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A company sells an annual magazine subscription for $60 (bimonthly issues). 50 subscriptions were sold in December 2020. The first issue was released in January

A company sells an annual magazine subscription for $60 (bimonthly issues). 50 subscriptions were sold in December 2020. The first issue was released in January 2021. How much subscription revenue should be recognized in February 2021?

$60

$500

$3,000

$250

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