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On August 2, 2021, Remer Publishing Co. collected #VALUE! The first issue will be mailed to subscribers in December, 2021. cash for a 3 year
On August 2, 2021, Remer Publishing Co. collected #VALUE! The first issue will be mailed to subscribers in December, 2021. cash for a 3 year subscription to a monthly magazine, Investor's Stock and Bond Advisory. Required: Write a brief report covering the following for this situation: [a] When revenue should be recognized. [2 marks] [b] Any entry that should be made on the transaction date. [3 marks] [c] An explanation of the reasoning for your respones to requirements [a] and [b]. [3 marks]
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