Magical Corporation is a private corporation that sells one week all inclusive packages...
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Accounting
Magical Corporation is a private corporation that sells one week all inclusive packages to their beach resort. Customers must pay
when the trip is booked and
one week before the trip. Before offering this deal the company does a background credit check on the customers. Magical Corporation sells the one week all inclusive package to their resort for $
per person. The costs for the corporation are approximately $
per person. Assuming the company uses ASPE when the revenue should be recognized and why. the RCMP criteria when answer the question and facts from the question.
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