Question: Hampton Magazine sells subscriptions for $60 for 30 issues. The company collects cash in advance and then mails out the magazines to subscribers each month.

Hampton Magazine sells subscriptions for $60 for 30 issues. The company

Hampton Magazine sells subscriptions for $60 for 30 issues. The company collects cash in advance and then mails out the magazines to subscribers each month. Apply the revenue recognition principle to determine a. when Hampton Magazine should record revenue for this situation. b. the amount of revenue Hampton Magazine should record for four issues. a. Hampton Magazine should record revenue when the subscribers. the subscribers. b. Hampton Magazine should record $ for four issues

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