Assume the same facts as in E17 5 and ignore E17 6. On July 1, 2017, the
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1. How should Loud account for this contract modification?
2. Provide Loud’s new monthly revenue recognition journal entry.
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Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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