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