Required: Think about the business model of Netflix. With that in mind, what are...

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Accounting

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Think about the business model of Netflix. With that in mind, what are the content assets?
Assume that Netflix develops a costly new series costing $80 million. In addition, suppose it pays for 10% of these costs with cash, while the rest is financed with a liability labeled long-term content liability. How would this transaction affect the accounting equation for Netflix?

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