ANSWERS TO QUESTIONS

The total selling price of the season tickets is $20,000,000 (10,000 X $2,000). Of this amount, $9,000,000 has been earned by 12/31/07 (18/40 X $20,000,000). ... number of shares, and basis of valuation should be indicated. (6) Buildings and land should be segregated. The Reserve for Depreciation should be shown as a subtraction from the ... ................
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