ICA - FASB Codification - Refer-a-Friend Instructions: You are hired by Runaway Inc. They are considering adopting the marketing campaign Refer-a-Friend where existing customers will get a $25 referral credit for referring new customers to the company. How should the \$25 Referral Credit be recorded in Runway's Income Statement - as a reduction of revenue or as a marketing expense? (Base your response on current applicable guidance.) Work on the case with your group by researching the solution in the codification. You have minutes to determine how to account for the $25 referral credit! Be prepared to give an answer with appropriate references to the codification. Economic Transaction