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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

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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 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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