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12 of 40 (9 complete This Question: 1 pt This Test: 40 pis poss Strongmans Gym gains a client who prepays $480 for a package
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Answer #1

Solution:

B. Service revenue of $320

Explanation:

Here accural basis of accounting method so service revenue is recognized when services are done

$480 for 6 physical training sessions advance is received

After 4 physical trianing sessions the income statement shows $320 * service revenue.

*320 = (480/6) x 4

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