The Following Data Applies to the Next Two Questions

question 49

Multiple Choice

The following data applies to the next two questions.
•Northern University has a fiscal year end of June 30.
•In June 2015, tuition and fees of $1,200,000 was assessed for the summer term that runs from June 1, 2015 through August 31, 2015. $1,200,000 was collected on June 1, 2015.
-When is this revenue reportable on the financial statements for Northern?
2015 2016

• A) $ 1,200,000 0
• B) $ 0 1,200,000
• C) $ 600,000 600,000
• D) $ 400,000 800,000

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Definitions:

Intrapsychic Phase

A stage in the deterioration of relationships focusing on personal reflection about the relationship and consideration of the disadvantages of one's partner, leading to internal conflict.

Emotions Bottled

The act of suppressing or holding back one's emotions instead of expressing them, often leading to increased stress or emotional outbreaks later.

Display Of Contempt

An overt expression of disdain or disrespect towards another, often characterized by facial expressions or dismissive behavior.

Predictor Of Divorce

Factors or behaviors scientifically shown to increase the likelihood of a marriage ending in divorce.