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NetFlix is terminating their product line of direct mail video purchases, which has been operating...

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Accounting

NetFlix is terminating their product line of direct mail video purchases, which has been operating at a substantial loss for the past two years. This strategic change is to focus on their online or streaming video product line and they will no longer be involved in the direct mail portion of the business in the future whatsoever. Please discuss the accounting literature citations and contrast the TWO SEPARATE methods in accounting for Netflixs strategic change on their Financial Statements AND in their accompanying financial statement related disclosures.

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