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Analyze revenue recognition for XYZ Corporation based on the following data: Sales Channel Revenue Recognized ($) Deferred Revenue ($) Direct Sales $100,000 $20,000 Subscription Sales


  1. Analyze revenue recognition for XYZ Corporation based on the following data:
Sales ChannelRevenue Recognized ($)Deferred Revenue ($)
Direct Sales$100,000$20,000
Subscription Sales$80,000$10,000
Service Contracts$50,000$5,000

Requirements:

  • Calculate the total revenue recognized and deferred for each sales channel.
  • Present the analysis in a detailed table format.
  • Discuss the impact of revenue recognition on financial statements.

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