The New York Mets received cash from their season ticket holders for the entire season in advance. Under the revenue recognition principle, the New York Mets should recognize the revenue from the season ticket holders

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The revenue recognition principle dictates that revenue should be recognized when it is earned, regardless of when the cash is received. In the case of season tickets for a series of games, the revenue is earned progressively as each game is played, not all at once when the cash is received or at the end of the season.

The New York Mets Received Cash from Their Season Ticket