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On May 1 st , X Company sells a phone, a charger, and one year of services (voice, text and data) for $600. The phone

  • On May 1st, X Company sells a phone, a charger, and one year of services (voice, text and data) for $600. The phone sells separately for $280, the charger for $175, and the services for $245. How much deferred revenue will X recognize on May 1st?

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