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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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. $1,073,156 thousand
Transcribed Image Text:Edit question QUESTION 2 Correct Mark 1.00 out of 1.00 Remove flag Flex Fitness is a heath and fitness club that operates gym facilities throughout the United States. Flex company's balance sheets follow ($ 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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