65 of 80 - 71 NM MI View Policies Current Attempt in Progress Basic EPS is a measurement of company growth. O required on the financial statements under IFRS. used by creditors to make lending decisions. used to determine share price, the lower the EPS the higher the share price. 63 of 80 - / 1 E View Policies Current Attempt in Progress Magic Mountain accounts for revenues using the contract-based approach. It operates a ski resort in the Rocky Mountains of Alberta. They sell three types of ski tickets. Season tickets are sold throughout the year, and entitle the holder to ski any day all season long. They are non-refundable. Daily tickets are sold at the mountain and are only valid for the day they are sold. Corporate group tickets are sold throughout the year. The buyer receives a package of 20 daily ticket coupons at a discounted price and the coupons can be redeemed for a day of skiing any time during the season. The skier needs to present the coupon for a ticket on the desired ski day. Unused tickets (coupons) expire at the end of the season and are non-refundable. When should Magic Mountain recognize revenue for the season tickets? at the time of sale Oon the day the mountain first opens for skiing throughout the ski sea O at the end of the ski season eason