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Kirkland Theater sells season tickets for six events at a price of $93. In pricing the tickets, the planners assigned the leadoff event a value
Kirkland Theater sells season tickets for six events at a price of $93. In pricing the tickets, the planners assigned the leadoff event a value of $25 because the program was an expensive symphony orchestra. The last five events were priced equally; 1,480 season tickets were sold for the 2022 season. Required: a. Calculate the theater's earned revenue after the first three events have been presented. Note: Do not round intermediate calculations. b. About 92% of the season ticket holders attended the first event. Subsequent events were attended by about 75% of the season ticket holders. Would the attendance data impact revenue recognition
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