The subject of revenue recognition is one that has been in the news for numerous companies in the past year

The subject of revenue recognition is one that has been in the news for numerous companies in the past year. Locate an article on the subject of revenue recognition concerning a company (hint: when companies "restate their earnings", they are often corrected a revenue recognition error) and post a brief summary of the article to the forum. Include your analysis of how the revenue recognition concepts we have studied are in conflict with how the company originally reported their revenue and why you believe the restatement is required.

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