Flicks Online sells subscriptions for $ 72 for 12 months. The company collects cash in advance and then subscribers have access to unlimited movies each month. Apply the revenue recognition principle to determine a . when Flicks Online should record revenue for this situation. b . the amount of revenue Flicks Online should record for six months.
a . Flicks Online should record revenue when it allows monthly unlimited movie access to the customer b . For six months, Flicks Online should record revenue of
