On May 26, Breeze Camp Ground paid KPRM Radio $500 cash for ten 30-second advertisements. Two of
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On May 26, Breeze Camp Ground paid KPRM Radio $500 cash for ten 30-second advertisements.
Two of the ads were aired in May, seven in June, and one in July.
a. Apply the realization principle to determine how much advertising revenue KPRM Radio earned from Breeze Camp Ground in May, June, and July.
b. Apply the matching principle to determine how much advertising expense Breeze Camp Ground incurred in May, June, and July.
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Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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