Mike's Club, a large member-based retailer, collects non-refundable membership dues annually from its members. When...
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Accounting
Mike's Club, a large member-based retailer, collects non-refundable membership dues annually from its members. When should Mike's Club recognize the revenue associated with these membership dues?
Group of answer choices
a. Evenly over the membership year
b. Immediately when cash is received because the fees are nonrefundable
c. At the end of the membership year when Mike's Club has discharged its obligation to the customer
d. Pro rata over the customer's actual purchasing patter
e. Evenly over the current fiscal year
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