Edit question QUESTION 2 Correct Mark 1.00 out of 1.00 Remove flag Flex Fitness is a heath and fitness club that operates gym facilities throughout the United States. Flex company's balance sheets follow ($ thousands) Selected Balance Sheet Data Deferred membershi income (liability) 500 ,558 453,881 During fiscal 2016, Flex Fitness collected $1,119,833 cash for membership fees Calculate the membership fee revenue that Flex Fitness recognized during the year. Select one: O A. $ 500,558 thousand O B. $1,166,510 thousand 。C,$1,119,833 thousand D. $1,073,156 thousand
Edit question QUESTION 2 Correct Mark 1.00 out of 1.00 Remove flag Flex Fitness is a heath and fitness club that operates gym facilities throughout the United States. Flex company's balance sheets follow ($ thousands) Selected Balance Sheet Data Deferred membershi income (liability) 500 ,558 453,881 During fiscal 2016, Flex Fitness collected $1,119,833 cash for membership fees Calculate the membership fee revenue that Flex Fitness recognized during the year. Select one: O A. $ 500,558 thousand O B. $1,166,510 thousand 。C,$1,119,833 thousand D. $1,073,156 thousand
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...
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QUESTION 2 Correct Mark 1.00 out of 1.00 Remove flag
Flex Fitness is a heath and fitness club that operates gym facilities throughout the United States. Flex
company's balance
sheets follow ($ thousands)
Selected Balance Sheet Data
Deferred membershi
income (liability) 500
,558 453,881
During fiscal 2016, Flex Fitness collected $1,119,833 cash for membership fees
Calculate the membership fee revenue that Flex Fitness recognized during the year.
Select one:
O A. $ 500,558 thousand
O B. $1,166,510 thousand
。C,$1,119,833 thousand
D. $1,073,156 thousand](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ed507f7-4ee3-470a-baa6-76502481ba5e%2Fc88477f1-fdf3-4c7c-92c8-cd90b3151ccd%2Fsu98t8e.png&w=3840&q=75)
Transcribed Image Text:Edit question
QUESTION 2 Correct Mark 1.00 out of 1.00 Remove flag
Flex Fitness is a heath and fitness club that operates gym facilities throughout the United States. Flex
company's balance
sheets follow ($ thousands)
Selected Balance Sheet Data
Deferred membershi
income (liability) 500
,558 453,881
During fiscal 2016, Flex Fitness collected $1,119,833 cash for membership fees
Calculate the membership fee revenue that Flex Fitness recognized during the year.
Select one:
O A. $ 500,558 thousand
O B. $1,166,510 thousand
。C,$1,119,833 thousand
D. $1,073,156 thousand
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