Explain in layman’s terms how Barnes & Noble accounts for the cash received for its membership program. When does Barnes & Noble record revenue from this program?Barnes and Noble recognizes the membership fee revenue when the fee is received. Barnes and Noble recognizes the membership fee revenue evenly throughout the year. Barnes and Noble recognizes the membership fee revenue throughout the year based on historical sales patterns. Barnes and Noble recognizes the membership fee revenue on a quarterly basis.
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Explain in layman’s terms how Barnes & Noble accounts for the cash received for its membership p...
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