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Kirkland Theater sells season tickets for six events at a price of $ 9 0 . In pricing the tickets, the planners assigned the leadoff
Kirkland Theater sells season tickets for six events at a price of $ In pricing the tickets, the planners assigned the leadoff event a value of $ because the program was an expensive symphony orchestra. The last five events were priced equally; season tickets were sold for the season.
Required:
Calculate the theater's earned revenue after the first three events have been presented.
Note: Do not round intermediate calculations.
About of the season ticket holders attended the first event. Subsequent events were attended by about of the season ticket holders. Would the attendance data impact revenue recognition?
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