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Boston Magazine sells subscriptions for $54 for 18 issues. The company collects cash in advance and then mails out the magazines to subscribers each month.
Boston Magazine sells subscriptions for $54 for 18 issues. The company collects cash in advance and then mails out the magazines to subscribers each month. Apply the revenue recognition principle to determine a. when Boston Magazine should record revenue for this situation. b. the amount of revenue Boston Magazine should record for six issues. a. Boston Magazine should record revenue when the subscribers. b. For six issues, Boston Magazine should record revenue of
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