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On February 1, Bryant Magazine Company receives annual subscriptions totaling $645,600. The first issue will be received by the subscriber one month after the money

On February 1, Bryant Magazine Company receives annual subscriptions totaling $645,600. The first issue will be received by the subscriber one month after the money is received. Bryant Magazine Company's fiscal year ends December 31.

Required:

How muchrevenuewould Bryantrecognizefrom this amount for the current year?

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