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Use the following information for questions:
Sun Mountain operates a ski resort in the Rocky mountains of Alberta.They sell three types of ski tickets.Season tickets are sold throughout the year.and entitle the holder to ski any day all season long.They are non-refundable.Daily tickets are sold at the mountain and are only valid for the day they are sold.Corporate group tickets are sold throughout the year.The buyer receives a package of 20 daily ticket coupons at a discounted price and the coupons can be redeemed for a day of skiing any time during the season.The skier needs to present the coupon for a ticket on the desired ski day.Unused tickets coupons) expire at the end of the season and are non-refundable.
-When should Sun Mountain recognize revenue for the season tickets?

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Definitions:

Second Law

An ambiguous term that may refer to the second law of thermodynamics, which states that the entropy of an isolated system not in equilibrium almost always increases.

Thermodynamics

The branch of physics that deals with the relationships between heat and other forms of energy, and how they affect matter.

Potential Energy

The energy possessed by a body by virtue of its position relative to others, stresses within itself, electric charge, and other factors.

Kinetic Energy

The energy that an object possesses due to its motion, directly proportional to the mass of the object and the square of its velocity.

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