University of Illinois Springfield – UIS
Starbucks collects its royalty fees ($1,000,000) one month after it recognizes the fee as revenues. A Starbucks customer uses her gift card to buy a cup of coffee ($2.00) cash 2. revenue 2. A/R 1,000,000. revenue 1,000,000. cash 1,000,000. A/R 1,000,000. cash 2. deferred revenue 2 ................
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