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6 BRIEF EXERCISE 3.9 Realization Principle Up & Away Airlines has provided the following information regarding cash received for ticket sales in September and

6 BRIEF EXERCISE 3.9 Realization Principle Up & Away Airlines has provided the following information regarding cash received for ticket sales in September and October: Cash received in September for October flights $500,000 Cash received in October for October flights 300,000 Cash received in October for November flights 400,000 Apply the realization principle to determine how much revenue Up & Away Airlines should report in its October income statement.

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