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When should each of the following companies recognize revenue for the following operations? a. Sam's Club (part of the WalMart consolidated operations) collects annual membership

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When should each of the following companies recognize revenue for the following operations? a. Sam's Club (part of the WalMart consolidated operations) collects annual membership fees from customers. b. Wall Street Journal receives advertising revenues in advance from Banco do Brasil, for an ad campaign that will run a fullpage spread once a week for six months. c. J. Jill is an internet clothing retailer. It receives credit card payments when customers place their orders and ships products from warehouses within 5-7 business days. d. Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per ticket and receives $10 per ticket from the producer. Tickets Now does not take control of the ticket inventory. Average ticket price for the event is $150

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