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Review the revenue recognition policies of Lowe: Summary of Significant Accounting Policies. What is installation service revenue recognized? Describe the accounting treatment for revenues from

Review the revenue recognition policies of Lowe: Summary of Significant Accounting Policies. What is installation service revenue recognized? Describe the accounting treatment for revenues from stored-value cards. How does Lowe’s recognize revenue from extended protection plans?

Refer to Lowe’s Statement of Earnings for the period ending February 1, 2013.

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