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Each response should be about one paragraph long, describing the justification for your decision. United...

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Accounting

Each response should be about one paragraph long, describing the justification for your decision.

United Airlines sells a non-refundable airplane ticket for a round trip, New York to Los Angeles, on October 30th, for a cash payment of $600. The outbound flight is scheduled for December 23rd and the return flight is scheduled for January 2nd.

Are the revenue recognition criteria met or not met? Why or why not?

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