Question: Theater Online sells subscriptions for $ 1 5 0 for 3 0 months. The company collects cash in advance and then subscribers have access to

Theater Online sells subscriptions for $150 for 30 months. The company collects cash in advance and then subscribers have access to unlimited movies each month.
Apply the revenue recognition principle to determine
a. when Theater Online should record revenue for this situation.
b. the amount of revenue Theater Online should record for three months.
a. Theater Online should record revenue when it allows monthly unlimited movie access to the customer.
b. For three months, Theater Online should record revenue of
Theater Online sells subscriptions for $150 for 30 months. The company

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