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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 2
Communication
Delta Air Lines is a major passenger airline headquartered in the United States. Most Delta passengers purchase their tickets several weeks prior to taking the trip and use a credit card such as VISA or American Express to pay for their ticket. The credit card company pays the airline at the time the flight is booked, several weeks prior to the flight.
Write a brief memo to your instructor explaining when Delta should recognize revenue from ticket sales.
Delta Air Lines is a major passenger airline headquartered in the United States. Most Delta passengers purchase their tickets several weeks prior to taking the trip and use a credit card such as VISA or American Express to pay for their ticket. The credit card company pays the airline at the time the flight is booked, several weeks prior to the flight.
Write a brief memo to your instructor explaining when Delta should recognize revenue from ticket sales.
Explanation
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Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
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