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Adjusting Entries: Unearned Revenue

3. Accrual Accounting Concepts / Adjusting Entries: Unearned Revenue / 문제 4

문제 4

A client prepaid \$2,400 for a 12-month service contract. After 3 months, how much revenue should be recognized?

A

\$1,200

B

\$2,400

C

\$300

D

\$600