Favorite Stock to Short, page-284

Volume incentive receivables is forecasted based on historical data and actual ticketed data from external sources, as noted in the excerpt. It is like saying you expect x amount of revenue this year, because you had x amount of revenue last year.

Fair enough. If the volume incentive that is expected to be received within 12 months is all associated with revenue that hasn’t yet been recognised, then you’re right. Note, though, that at least part of that incentive may have already been earned (as it may relate to revenue that has already been recognised) but not yet received.