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When should alpine recognize revenue from the sale

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Question - Alpine West, Inc., operates a downhill ski area near lake Tahoe, California. An all-day, adult ticket can be purchased for $55. Adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from December 1 through April 30. The season pass in nontransferable, and the $450 price is nonrefundable. Alpine expects its season pass holders to use their passes equally throughout the season. The company's fiscal year ends on December 31. On November 6, 2013, Jake Lawson purchased a season ticket. When should Alpine recognize revenue from the sale of its season passes?

Reference no: EM131829482

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