FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Campus Cellular provides cell phones and 1 year of cell service
to students for an upfront, nonrefundable fee of $300 and
a usage fee of $5 per month. Students may renew the service
for each year they are on campus (on average, students renew
their service one time). What amount of revenue should
Campus Cellular recognize in the first year of the contract?
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