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Brief Exercise 3.6 Realization and Matching Principles (LO3-6, LO3-7) On May 26, Breeze Camp Ground paid KPRM Radio $500 cash for each ten 30-second advertisements.
Brief Exercise 3.6 Realization and Matching Principles (LO3-6, LO3-7) On May 26, Breeze Camp Ground paid KPRM Radio $500 cash for each ten 30-second advertisements. Three of the ads were aired in May, five in June, and two in July. a. Apply the realization principle to determine how much advertising revenue KPRM Radio earned from Breeze Camp Ground in May. June, and July b. Apply the matching principle to determine how much advertising expense Breeze Camp Ground incurred in May, June, and July. May June July Revenue b. Expense
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