Solved: Revenue reflected in the fiscal year, Accounting Basics

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Revenue reflected in the fiscal year

Question: Big Blue University has a fiscal year that ends on June 30. The 2010 summer session of the university runs from June 9 through July 28. Total tuition paid by students for the summer session amounted to $112,000.

How much revenue should be reflected in the fiscal year ended June 30, 2010?

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Accounting Basics: Revenue reflected in the fiscal year

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