How much revenue should be reflected in the fiscal year
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Big Blue University has a fiscal year that ends on June 30. The 2010 summer session of the university runs from June 9 through July 28. Total tuition paid by students for the summer session amounted to $112,000.
How much revenue should be reflected in the fiscal year ended June 30, 2010?
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You need to split this between the two fiscal years:
June 9 - June 30 = Fiscal year ended June 30
July 1 ...
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