Yvonne works for a discount store that sells items only online. She is putting together a report and needs information pertaining to consumer trends and credit card usage. These data are highly confidential, and Yvonne is required to scan her thumbprint to prove her identity. To further protect the information, it is stored in secret code, and she must use a key to decode the data. Yvonne providing her thumbprint as proof of identification is an example of , while her need to use a key to decode the confidential data is indicative of the company’s use of .

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 is 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, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?