What amount should be reported as a current liability at


1. The New York Knicks, Inc. sold 10,000 season tickets at $2,000 each. By December 31, 2010, 16 of the 40 home games had been played. What amount should be reported as a current liability at December 31, 2010? 

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Accounting Basics: What amount should be reported as a current liability at
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