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Everything You Need Warehouse Company recognizes membership fee revenues over the term of the membership, which is 12 months. If their Unearned Membership Fee Revenue
Everything You Need Warehouse Company recognizes membership fee revenues over the term of the membership, which is 12 months. If their Unearned Membership Fee Revenue account had a balance of $2,400 million on January 31, 2016, and $2,200 million on January 31, 2017 and the company received membership fees in cash of $4,400 million during the year, what amount was recognized as Membership Fee Revenue for the fiscal year? Select one: A. $4,600 million B. $4,280 million C. $4,216 million D. 58,560 million
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