Why did Monster Beverage and Bally’s each get into trouble for revenue recognition? What shoucixld they have been doing differently?

Discussion question: SBUX made a lot of money in FYE 2016 and 2017, why is that? Also, why did balance sheet equity go down? Why didn’t that profit make the company worth more?

Please read the articles on Monster Beverage Actions
. Why did Monster Beverage and Bally’s each get into trouble for revenue recognition? What shoucixld they have been doing differently?

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