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Does delta airlines record revenue

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Service business recognizes revenues when the services are performed, although many customers may have been billed for the services ( on account). The cash has not been received; however; the services have been performed. Therefore, revenue should be recognized.

Question 1: Does delta airlines record revenue when you buy a plane ticket on May 1 for a flight on June 15? Has the service been provided?

Reference no: EM132463825

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