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An airline sells an airithe ticket and collects the fare in February for a filght in March to a spring break destination. Based on this
An airline sells an airithe ticket and collects the fare in February for a filght in
March to a spring break destination. Based on this information, when would the
company recognize revenue?
In February, when the cash is recelved
In March, when the semice is performed
Evenly recognized over February and March
No revenue is recognized
None of these are correct.
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
