Clips Online sells subscriptions for $$30$ for $12$ months. The company collects cash in advance and then subscribers have access lo unleriled moves each month Apply the reversue recognition principle to determine

a$.$ When Clips Oriline should record revenue for this sluation.

b$.$ the amount of revenue Clips Orline should record for three months.

a$.$ Apply the revenue recognition principle to determine when Cips Online online should record revenue for this siluation.

Clips Online should record revenue when $$

it allows monthly unlimited movie access to the customer.

it collects cash from the customer.

it receives the order form from the customer.

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