On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960
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Question:
On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program up front. The program includes a total of 12 sessions and two sessions are delivered each month. How much revenue from Mr. Smithe should Fit Co. recognize at the end of March?
$80
$160
$960
$480
Expert Answer:
Correct answer is 160 As per revenue recognition concept revenue should be recognised only when ... View the full answer
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