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Arthur the Art fan bought 10 tickets that cost $150 each. Each ticket allows Arthur to attend one art exhibit at The Museum. Arthur attended
Arthur the Art fan bought 10 tickets that cost $150 each. Each ticket allows Arthur to attend one art exhibit at The Museum. Arthur attended the first 6 of the 10 art exhibits. He did not attend the 7th art exhibits because he was sick.
Requirement: A.How much of the $1,500 in ticket revenue can The Museum record as Revenue?
B.How much of the $1,500 in ticket revenue remains in Unearned Revenue?
C.The 3 remaining art exhibits were cancelled because of the COVID-19 virus. Will The Museum have to refund any of the money? Why? Or Why not?
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