In general, why are up-front, nonrefundable fees not recognized as revenue immediately?

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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Question Posted: Jan 28, 2012 06:08 AM

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In general, why are up-front, nonrefundable fees not recognized as revenue immediately?

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Intermediate Accounting

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