Question: Clips online sells subscriptioons for 3 6 for 1 2 months. The company colllects cash in advance and then subscribers have access to unlimited movies

Clips online sells subscriptioons for

36

for

12

months. The company colllects cash in advance and then subscribers have access to unlimited movies each month. Apply the revenue recognition principle to determine. a

.

when clips online chouls record revenue for this situation. b

.

The amount of revenue chips online should record for three months.

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