The Future CPAS The Future CPA is a preparatory school for children three to five years old. Students are enrolled for a school-year. Parents can pay the full tuition fee of P70, 000.00 at the start of the school year (June). The is also an option to pay two installments of P37, 000.00 each at the start of every semester (June 1 to November 1) Of the 150 students enrolled, 80 are paid in full at the start of the year. The remaining students are on installment basis. One school year runs from June 1 to March 31. *Determine the tuition fee revenue for the period December 31, 2019. This is the first year of the school operations. Queen ABM, owner of The Future CPAS Company has requested your assistance to do

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Future CPAS The Future CPA is a preparatory school for children three to five years old. Students are enrolled for a school-year. Parents can pay the full tuition fee of P70, 000.00 at the start of the school year (June). The is also an option to pay two installments of P37, 000.00 each at the start of every semester (June 1 to November 1) Of the 150 students enrolled, 80 are paid in full at the start of the year. The remaining students are on installment basis. One school year runs from June 1 to March 31. *Determine the tuition fee revenue for the period December 31, 2019. This is the first year of the school operations. Queen ABM, owner of The Future CPAS Company has requested your assistance to do

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