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LANG CO A NEWLY ORGANIZED MAGAZINE PUBLISHER, RECEIVED 60000 FOR 1000 THREE YEAR SUBSCRIPTIONS AT...

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Accounting

LANG CO A NEWLY ORGANIZED MAGAZINE PUBLISHER, RECEIVED 60000 FOR 1000 THREE YEAR SUBSCRIPTIONS AT 20 PER YEAR, STARTING WITH THE JANUARY 2015 ISSUE. WHAT AMOUNT SHOULD LANG REPORT IN 2014 BALANCE SHEET FOR UNEARNED SUBSCRIPTION REVENUE?

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