What would have been total revenues under the cash basis?
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AOL Time Warner Inc. reported unearned revenue of $1,660 million and $1,063 million as of December 31, 2001 and 2000, respectively. For the year ending December 31, 2001, AOL Time Warner reported total revenues of $38,234 million. (a) What was the amount of the adjustment for unearned revenue for 2001? (b) What would have been total revenues under the cash basis?
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