The Polar Bears ice hockey team sells season tickets and collects the cash in October at...
The Polar Bears ice hockey team sells season tickets and collects the cash in October at the beginning of the season. The team collected $112,500 cash for season tickets. The season starts in November and season tickets are for 40 games. In December, the team played 8 games.
How much revenue should be recognized at the end of December?
Select one:
A. $112,500
B. $ 12,500
C. $ 52,500
D. $ 22,500
Homework Answers
Revenue recognize in December = $112500*8/40
= $22500
Option D. is correct answer.
Add Answer to:
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show work as necessary and please be neat 34. McKinnon Enterprises owns a professional ice hockey...
show work as necessary and please be neat
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show work as necessary and please be neat
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