Magical Corporation is a private comporation that sells one week all inclusive packages to their beach resort. Cirstcmers must pary $20752.$ when the trip is booked and $80$ one week before the trip. Before offering this deal the company does a backgycund credit check on the $3$ customers. Magical Corporation sells the one week all inclusive package to their resont for $$2,000$ per person. The costs for the

$4$ corporation are approximately $$700$ per person.

Required: Assuming the company uses ASPE explain when the revenue should be recognized and why. Be sure to use the RCMP critarla when you answer the question and apply the question using facts from the question.