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Eat Well Company collected $216,000 subscription revenue on May 31st to cover twelve months in...

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Accounting

Eat Well Company collected $216,000 subscription revenue on May 31st to cover twelve months in advance. The company uses the accrual method of accounting and has a calendar year-end. By the end of December, what is the amount of Subscription Revenue that has been earned,

Select one:

a. $126,000

b. $204,750

c. $351,000

d. $480,000

please answer this question asap

Answer & Explanation Solved by verified expert
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