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Find how much revenue recognise in the financial statement

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Problem 1: ABC receives 1,500$ on 15 Aug 2002, representing annual subscriptions in advance to three of its monthly publications (480 for the first, 600 for the second, 420 for the third) the publication dispatched to the customer on 1st day of each calendar month. How much revenue should recognise in the financial statements for 31 Dec 2002?

1- 562.5

2-500

3-0

4-1,500

Reference no: EM132741225

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