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Financial Accounting - Essay and Problem-Based Questions

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Question 2b)

Explain how the Large Mart accounting department would have to record such a sale of all rights to the program to UNE, and highlight any differences (if any exist) between this sale of all rights to the program to UNE and the sale of 25,000 individual copies of the program on CD to UNE. (IMPORTANT NOTE: you do NOT need to show any journal entries or calculations in your answer to this question)
Please write the report requested by the CFO. Your report should be approximately 500 words (+/- 10%) in length for question 1a & b, and 500 words (+/- 10%) in length for question 2a & b. You can receive a maximum of five (5) marks for each question.

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