Question: In the Chapter 4 Investor Insight: Apple why was Apple required to spread their iPhone revenues over a two - year period? Because that was

In the Chapter 4 Investor Insight: Apple why was Apple required to spread their iPhone revenues over a two-year period?
Because that was the estimated life of the iPhone.
Because they were required to provide software updates over that two-year period.
Because of its newness, their returns might exceed the normal level of returns.
Because they needed to defer revenue recognition since they had a swap program available for future models.
In the Chapter 4 Investor Insight: Apple why was Apple required

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