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In December, Northern Kleboarding magazine collected $80.000 for subcons for the next calendar yew The company colects cash in advance and then downloads the magazines

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In December, Northern Kleboarding magazine collected $80.000 for subcons for the next calendar yew The company colects cash in advance and then downloads the magazines to subscribers each month Apply the recognition criteria for revenues to determine (a) when the company should record for this situation and (b) the amount of revenue the company should record for the January through March downloads Northern Kiteboarding should record revenue after 5. The amount of revenues not when

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