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Johnson Corp. owns a professional ice Rugby team, the Red Raptors. The company sells season...

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Accounting

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Johnson Corp. owns a professional ice Rugby team, the Red Raptors. The company sells season tickets for its upcoming season and receives $960,000 cash on January 1. The season starts January 1, 2018, with five home games occurring monthly overthe next six months. How much revenue would they recognize in January? A) $160,000 B) $960,000 C) $32,000 D) $0 E) None of the above

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