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    Financial Accounting Information for Decisions
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    Exam 9: Reporting and Analyzing Current Liabilities
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    The Orlando Magic Received $6 Million Cash in Advance Season
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The Orlando Magic Received $6 Million Cash in Advance Season

Question 67

Question 67

True/False

The Orlando Magic received $6 million cash in advance season ticket sales.Prior to the beginning of the basketball season,these sales are recorded as a credit to unearned season ticket revenue.

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