Below are the footnotes to Barnes & Noble Inc.'s 2012 annual report and membership information obtained from

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Below are the footnotes to Barnes \& Noble Inc.'s 2012 annual report and membership information obtained from its Website: image text in transcribed

a. Explain in layman's terms how Barnes \& Noble accounts for the cash received for its membership program. When does Barnes \& Noble record revenue from this program?

b. How does Barnes \& Noble's balance sheet reflect those membership fees?

c. Does the $40 \%$ discount affect Barnes \& Noble's income statement when membership fees are received?

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Financial And Managerial Accounting For MBAs

ISBN: 9781618533593

6th Edition

Authors: Peter D. Easton

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Below are the footnotes to Barnes & Noble Inc.'s 2012 annual report and membership information obtained from

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Financial And Managerial Accounting For MBAs

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