Sky Bound Airlines has provided the following information regarding cash received for ticket sales in September and October: 11eb9a08_8835_e093_b752_fbd108ba0263_SM1627_00 Apply the realization principle to determine how much revenue Sky Bound Airlines should report in its October income statement.

Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Edition 16ISBN: 978-0077862381

Edition 16ISBN: 978-0077862381

Exercise 52

Sky Bound Airlines has provided the following information regarding cash received for ticket sales in September and October:

Apply the realization principle to determine how much revenue Sky Bound Airlines should report in its October income statement.

Explanation

Verified

Matching principle as the name suggests ...