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How much revenue monty would be able to rcoganize

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Monty Ltd. offers on-demand streaming of live soccer matches from around the world to subscribers. The company, which uses IFRS, offers 10-month subscriptions, which correspond to the schedules of most of the world's major soccer leagues. When a subscriber signs up with Monty, a fee of $440 is charged to their credit card. Subscribers are provided with a unique password that enables them to watch as many games as they wish on a single streaming device of their choice. The subscription contractsare non-cancellable. During August 2021, Monty sold 6,400 subscriptions for the period August 1, 2021, to May 31, 2022.

Problem 1: Using the five-step model for revenue recognition, how much revenue Monty would be able to rcoganize for the month of August 2021?

Reference no: EM132652519

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