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What is the key aspect of revenue recognition for christmas

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For Christmas presents, a Wendy's restaurant sells coupon books for $15. Each of the $1 coupons may be used in the restaurant any time during the following twelve months. The customer must pay cash when purchasing the coupon book.

Problem 1-What's the key aspect of revenue recognition for this situation?

Problem 2-At what point should revenue be recognized?

Reference no: EM132959143

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