Question
During September, WVU collected $8,000,000 in advance ticket sales for basketball games to be played in January. The games were played in January as scheduled.
During September, WVU collected
$8,000,000in advance ticket sales for basketball games to be played in January. The games were played in January as scheduled. The
$8,000,000will be reported as\ Revenue on the Income Statement for the month ended January 31\ Revenue on the Income Statement for the month ended September 30\ Revenue on the Statement of Cash Flows for the month ended January 31\ Deferred Revenue on the Income Statement for the month ended September 30\ Accounts Receivable on the Balance Sheet at November 1
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
