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On August 1, 20X1, Fasby Hospital received $18,000 of fees and tuition for one of its educational programs that has a ninemonthschool year ending April

On August 1, 20X1, Fasby Hospital received $18,000 of fees and tuition for one of its educational programs that has a ninemonthschool year ending April 30, 20X2. Required: What amount should be reported as deferred tuition income in the hospitals December 31, 20X1, balance sheet?

8,000

18,000

12,000

10,000

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