How much revenue should tickets now recognize, Accounting Basics

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How much revenue should tickets now recognize

Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $2 per ticket and receives $5 per ticket from the producer. Tickets Now does not take control of the ticket inventory. Average ticket prices for the event is $75. How much revenue should tickets Now recognize for each Riverdance ticket sold?

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Accounting Basics: How much revenue should tickets now recognize

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Accounting Basics: How much revenue should tickets now recognize

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