Sky Bound Airlines has provided the following information regarding cash received f or ticket sales in September

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Sky Bound Airlines has provided the following information regarding cash received f or ticket sales in September and October:
Cash received in September for October flights.........................$1,700,000
Cash received in October for October flights..............................1,300,000
Cash received in October for November flights...........................1,800,000
Apply the realization principle to determine how much revenue Sky Bound Airlines should report in its October income statement.
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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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