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Ifyou arethe controller ofan arena, such asMadison Square Garden and receive $10,000 in tickets sales today for a Beyonc Concert that will take place in

Ifyou arethe controller ofan arena, such asMadison Square Garden and receive $10,000 in tickets sales today for a Beyonc Concert that will take place in 6 months. How do we record this transaction on the integrated financial statement framework (Excel Spreadsheet)?Explain.

Why do major companies use accrual accounting? Explain in detail.

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