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Question 9 options: The University of Miami sold $250,000 worth of season tickets for five...

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Accounting

Question 9 options: The University of Miami sold $250,000 worth of season tickets for five home football games. The university collected $80,000 cash for payment for the tickets during September; $60,000 cash for payment for the tickets in October; and $110,000 cash for payment for the tickets in November. Two home games were played in September, one home game was played in October, and two home games were played in November. All home games at the University of Miami are sell-outs. Using the realization principle, calculate the amount of revenue the university should record in September related to the ticket sales. Do not use decimals in your answer

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