Question: Lake View Magazine sells subscriptions for $ 7 2 for 1 8 issues. The company collects cash in advance and then mails out the magazines

Lake View Magazine sells subscriptions for $72 for 18 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 Lake View Magazine should record revenue for this situation.
b. the amount of revenue Lake View Magazine should record for eight issues.
a. Lake View Magazine should record revenue when
the subscribers.
b. For eight issues, Lake View Magazine should record revenue of
Lake View Magazine sells subscriptions for $72 for 18 issues. The

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