Question
Principal-Agent Relationship Question: How do I write journal entry for a company A that charges $5 a minute initially and remits $4 to company B,
Principal-Agent Relationship Question:
How do I write journal entry for a company A that charges $5 a minute initially and remits $4 to company B, and must still remit $4 regardless of if the customer pays or not.
This is also a revenue recognition question on whether it's gross or net basis.
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Management Information Systems Managing the Digital Firm
Authors: Kenneth C. Laudon, Jane P. Laudon
15th edition
134639715, 978-0134639710
