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B. Alvaro Company sells magazines by subscription for P15 per copy. During the year, 47,200 two-year subscription was sold. As at June 1, 2019, the
- B. Alvaro Company sells magazines by subscription for P15 per copy. During the year, 47,200 two-year subscription was sold. As at June 1, 2019, the Unearned Magazine Revenues account had a balance of P315,000. At year-end, it is determined that the liability to provide subscribers' future magazines amounting to P613,000
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