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On September 1, 2021, Time Magazine received $240,000 for six-month subscriptions covering the period October 1, 2021 through March 30, 2022. Time faithfully fulfilled its

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On September 1, 2021, Time Magazine received $240,000 for six-month subscriptions covering the period October 1, 2021 through March 30, 2022. Time faithfully fulfilled its responsibilities to its customers in October and November. When Time prepares its balance sheet for November 30, 2021, what balance should the company report for unearned revenue

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