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1. For the following two events, how should the Business adjust the financial statements at the end of Year 2018? a. Let's assume the football
1. For the following two events, how should the Business adjust the financial statements at the end of Year 2018? a. Let's assume the football season lasts from September 1 January 31. Games are played proportionately each month. On September 1, 2018 the Washington Redskins sell season tickets worth $560,000. b. ABC Inc. enters into a $3,600,000 contract to construct a building. Construction started on July 1, 2018 and will end at December 31, 2019. Payment will be received at the end of the contract
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