Montana Lottery Financial Statements (Unaudited) June 30, 1990
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In our eReader you can find the full English version of the book. Read Montana Lottery Financial Statements (Unaudited) June 30, 1990 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Montana Lottery Financial Statements (Unaudited) June 30, 1990
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The allowance for ticket returns was increased by $53,259 from the quarter ending March 31, 1990. This is an estimate based, partially, on actual returns received after the end of the quarter. Conversely, ticket revenue has been decreased by approximately $53,259 for the quarter ended June 30, 1990. Prize expense has been decreased by approximately $25,869. Commissions and cost of goods sold have also been decreased for expenses associated with this change in allowance.
Revenue Recognition. Lot...tery instant ticket sales are recorded as revenue based on ticket deliveries to the retailers. In accordance with an established policy, retailers may return unsold tickets to the Lottery for credit. Sales are decreased by an allowance for estimated ticket returns.
Lottery on-line ticket sales are recorded as revenue based on drawings. Tickets sold in advance for future drawings are recorded as deferred revenue until such time as the tickets become valid for the most current drawing.
Revenue From Other Sources.
What to read after Montana Lottery Financial Statements (Unaudited) June 30, 1990?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The allowance for ticket returns was increased by $53,259 from the quarter ending March 31, 1990. This is an estimate based, partially, on actual returns received after the end of the quarter. Conversely, ticket revenue has been decreased by approximately $53,259 for the quarter ended June 30, 1990. Prize expense has been decreased by approximately $25,869. Commissions and cost of goods sold have also been decreased for expenses associated with this change in allowance.
Revenue Recognition. Lot...tery instant ticket sales are recorded as revenue based on ticket deliveries to the retailers. In accordance with an established policy, retailers may return unsold tickets to the Lottery for credit. Sales are decreased by an allowance for estimated ticket returns.
Lottery on-line ticket sales are recorded as revenue based on drawings. Tickets sold in advance for future drawings are recorded as deferred revenue until such time as the tickets become valid for the most current drawing.
Revenue From Other Sources.
What to read after Montana Lottery Financial Statements (Unaudited) June 30, 1990?
You can find similar books in the "Read Also" column, or choose other free books by Montana Lottery to read onlineMoreLess
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