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Assuming that regulatory approval was granted on December 20, 2017, and that Swifty received the payment from Pang on January 15, 2018, prepare the journal

Assuming that regulatory approval was granted on December 20, 2017, and that Swifty received the payment from Pang on January 15, 2018, prepare the journal entries for Swifty. The license meets the criteria for point-in-time revenue recognition

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