Accounting Assignment | Buy Homework Help
The Cougars football team sells season tickets in advance for $ 480 each. The season consists of 16 games. Half of these games are home games, and half of them are away games. For Year 3, the team has sold and collected payment for 10,000 season tickets. Through November 30, Year 3, six home games and five away games have been played.
How much of the revenue collected in advance should be recognized on the income statement for the 11 months ended November 30, Year 3? a. $ 1,800,000 b. $ 3,300,000 c. $ 3,600,000 d. $ 4,800,000 . Get Accounting Help Today