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I need help. On December 1, the beginning of the new term, Torres Institute, a private school, receives $313,300 in tuition for the upcoming semester,

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I need help.

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On December 1, the beginning of the new term, Torres Institute, a private school, receives $313,300 in tuition for the upcoming semester, which lasts four months. Torres Institute's fiscal year ends December 31. Required: How much revenue would Torres recognize from this amount for the current year? Revenue recognized: $ 0

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