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British Airways (BA) sells a round trip ticket from London to New York for $1,000. The customer also receives 5,000 award miles, equivalent to 20%
British Airways (BA) sells a round trip ticket from London to New York for $1,000. The customer also receives 5,000 award miles, equivalent to 20% of the miles required for a free domestic flight. Discuss when BA should recognize revenue, along with any unique issues that the company may face in the recognition of expenses.
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