(a) Which of the following statements best explains in layman terms how Costco accounts for the cash received for its membership fees? OThe company records revenue when the cash is received. When it receives cash, the company records it as a current liability. Then, it recognizes revenue evenly over the year. OBecause Costco has a refund policy, the company records revenue when the cash is received, less an allowance for expected membership terminations. Total cash received (in $ millions) =$869x