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6-Arab American University sells 5,000 season basketball tickets at $100 each for its 5- game...

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Question

Accounting

6-Arab American University sells 5,000 season basketball tickets at $100 each for its 5- game home schedule. The amount of unearned revenue to be recorded in the current liabilities section after playing FOUR home games is:
a.
$ 500,000
b.
$ 0
c.
$ 300,000
d.
$ 100,000

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