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Assume the Miami Dolphins pay its sales staff a 2% sales commission on each luxury suite license contract signed (such as by a corporate customer).

Assume the Miami Dolphins pay its sales staff a 2% sales commission on each luxury suite license contract signed (such as by a corporate customer). Research whether this commission payment should be reported as an asset or an expense by the Miami Dolphins. 



What FASB codification reference or references apply to this scenario?

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