On January 1,Denton Mabrey College received $1,200,000 in Unearned Tuition Revenue from its students for the spring semester,which spans four months beginning on January 2.What amount of tuition revenue should the college recognize on January 31?
A)$300,000
B)$600,000
C)$800,000
D)$900,000
E)$1,200,000

Question

Quizplus · Accepted Answer

$1,200,000/4 = $300,000

On January 1,Denton Mabrey College Received $1,200,000 in Unearned Tuition