STOLES How much revenue is recognized in 2023: 1. On January 1, 2023, a customer pays...

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STOLES How much revenue is recognized in 2023: 1. On January 1, 2023, a customer pays $100 for a two-year subscription that begins immediately. In addition, in January 2023, the customer spends $50 on add-ins (e.g., boosts) that last for 30 minutes. 2. On January 1, 2022, a customer pays $100 for a two-year subscription that begins immediately. In addition, in January 2022, the customer spends $50 on add-ins (e.g., boosts) that last for 30 minutes. 3. In December 2023, an advertiser runs ads on Tinder for $100. They will pay the $100 to Match in January 2024. 4. In January 2023, Match receives $100 from an advertiser for ads that ran on Tinder during December 2022. 5. On January 1, 2023, a t-shirt company signs a contract with Match for rights to license a Match brand for 4 years. The t-shirt company prepays $100 for the right (the license fee is $25/year) and the licensing deal begins immediately. How much expense is recognized in 2023? 1. On December 31, 2023, Match prepays $100 for a software license. The license runs for two years (from January 1, 2024 to January 1, 2026). 2. On December 31, 2022, Match prepays $100 for a software license. The license runs for two years (from January 1, 2023 to January 1, 2025). 3. At year-end 2022, Match estimates that it used $100 of utilities during December 2022. A bill for $100 for the utilities arrives on January 6, 2023 and Match pays it immediately. STOLES How much revenue is recognized in 2023: 1. On January 1, 2023, a customer pays $100 for a two-year subscription that begins immediately. In addition, in January 2023, the customer spends $50 on add-ins (e.g., boosts) that last for 30 minutes. 2. On January 1, 2022, a customer pays $100 for a two-year subscription that begins immediately. In addition, in January 2022, the customer spends $50 on add-ins (e.g., boosts) that last for 30 minutes. 3. In December 2023, an advertiser runs ads on Tinder for $100. They will pay the $100 to Match in January 2024. 4. In January 2023, Match receives $100 from an advertiser for ads that ran on Tinder during December 2022. 5. On January 1, 2023, a t-shirt company signs a contract with Match for rights to license a Match brand for 4 years. The t-shirt company prepays $100 for the right (the license fee is $25/year) and the licensing deal begins immediately. How much expense is recognized in 2023? 1. On December 31, 2023, Match prepays $100 for a software license. The license runs for two years (from January 1, 2024 to January 1, 2026). 2. On December 31, 2022, Match prepays $100 for a software license. The license runs for two years (from January 1, 2023 to January 1, 2025). 3. At year-end 2022, Match estimates that it used $100 of utilities during December 2022. A bill for $100 for the utilities arrives on January 6, 2023 and Match pays it immediately.

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Lets break down the revenue and expense recognition for each scenario Revenue Recognition 1 On January 1 2023 a customer pays 100 for a twoyear subscr... View the full answer