Question: Requirement 2 . Use the same facts for New Cordless Mobile as in Requirement 1 . Further, assume New Cordless Mobile reported unearned service revenue

Requirement 2. Use the same facts for New Cordless Mobile as in Requirement 1. Further, assume
New Cordless Mobile reported unearned service revenue of 75 back at the end of 20X6. Show what
New Cordless Mobile will report for 20x7 on the same financial statements. Explain why your answer differs from your
answer to Requirement 1.(Enter amounts in millions.)
Start by determining what New Cordless Mobile will report on its income statement for 207 with the beginning
balance in unearned service revenue of 75.
Let's determine what New Cordless Mobile will show on its balance sheet for 20x7 with the beginning balance in
unearned service revenue of 75.
Requirement 2. Use the same facts for New Cordless Mobile as

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