AFA 100 Lecture Notes - Lecture 4: Seneca College, Washing Machine, Costco

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The following are independent situations that require professional judgement for determining when to recognize revenue from the transactions: costco sells you a one-year membership with a single, one-time upfront payment. This non-refundable fee is paid at the time of signing the contract, and entitles you to shop at. Costco for one year: dot home and patio sells you patio furniture on a no money down, no interest, and no payments for one year promotional deal. The furniture is delivered to your home the same day: the toronto blue jays sell season tickets on-line to games in the rogers centre. Fans can purchase the tickets at any time, although the season does not officially begin until april 1. The season runs from april 1 through october each year. Payment is due in full at the time of purchase: cibc lends you money in august.

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