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Identify the performance obligation

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Reference no: EM132918885

Question - Highlife Ski Resort in Colorado sells a season pass to Larry Werner on October 15. Highlife usually opens its season just after Thanksgiving and stays open until approximately April 30.

Required - Identify the performance obligation(s) and the timing of revenue recognition of each. Explain whether the revenue should be recognized over time or at a point in time.

Reference no: EM132918885

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