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What is liability amount for deferred subscription revenue

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Question - The Contra Costa Times Company reported a $17,200 liability in its 2018 balance sheet for subscription revenue received in advance. During 2019, $68,000 was received from customers for subscriptions and the 2019 income statement reported subscription revenue of $69,700. What is the liability amount for deferred subscription revenue that will appear in the 2019 balance sheet?

Reference no: EM132233583

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