In November and December 2013 . Bee Company, a newly organized newspaper publisher, received $72,000 for 1,000 three-year subscriptions at $24 per year, starting with the January 2, 2014, issue of the newspaper. How much should Bee report in its 2013 income statement for subscription revenue?
a. $0
b. $12,000
c. $24,000
d. $72,000
A
Business
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