On January 1, Eastern College Received $1,200,000 from Its Students

question 37

Multiple Choice

On January 1, Eastern College received $1,200,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. What amount of tuition revenue should the college recognize on January 31?

• A)$300,000.
• B)$600,000.
• C)$800,000.
• D)$900,000.
• E)$1,200,000.

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Definitions:

Lack Of Communication

The absence, breakdown, or inefficiency of exchanging information, leading to misunderstandings and challenges in relationships or organizational operations.

Different Departments

Varied sections within an organization, each with their own set of functions and responsibilities, contributing to the overall objectives of the organization.

Span Of Control

The number of direct reports to a given manager.

Direct Reports

Employees who report directly to a manager or supervisor.