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Costco Wholesale Corporation collects annual non-refundable membership fees from customers. When should Costco recognize revenue for these membership fees? Evenly over the membership year timinediately

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Costco Wholesale Corporation collects annual non-refundable membership fees from customers. When should Costco recognize revenue for these membership fees? Evenly over the membership year timinediately when cash is roceived because the fees are nonrefundable At the end of the membership year when Costco has discharged its obligation to the customer Evenly over the current fiscal vear

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