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Should spider record the revenue earns from placing ads

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On the basis of the case facts, should Spider record the revenue it earns from placing ads for various third-party advertisers on Web sites owned by the partners on a gross or net basis? Provide an analysis supporting your conclusion based on US GAAP (Section 606) and IASB IFRS.

Problem 1: Should Spider record the revenue it earns from placing ads for various third-party advertisers on Websites owned by the partners on a gross or net basis?

Reference no: EM132726822

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