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BE 1 7 . 1 1 ( L O 2 , 3 ) Larkspur Inc. sells prepaid telephone cards to customers in its convenience stores.
BE Larkspur Inc. sells prepaid telephone cards to customers in its convenience stores. When Larkspur sells cards, it then pays the telecommunications company, TeleExpress, for the value of the cards less a commission. Assume that Larkspur receives $ of prepaid cards in January Larkspur sold of the cards in February, in March, and in April. The total payment by Larkspur to TeleExpress over the months is $ Indicate how much income Larkspur should recognize in January, February, March, and April.
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