NET REVENUES |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NET REVENUES |
(12)NET REVENUES The components of net revenues for the years ended December 31, 2021, 2022 and 2023, are as follows:
K-12 education assessment and other services revenues primarily include K-12 education assessment services and content development services. The Company no longer provided K-12 education assessment services along with the disposal of Muhua Shangce since June 2, 2021. Deferred revenue is recorded when the Group has an obligation to transfer goods or services to a customer for which the Group has received consideration from the customer in advance. Changes in the deferred revenue balances during the year ended December 31, 2022 and 2023 are as follows:
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- Definition n/a No definition available.
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- Definition Disclosure of the net revenue of the entity during the reporting period. No definition available.
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