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On Spetember 1, 20X1, Fasby Hospital received $10,620 of fees and tuition for one of it's educational programs that has a nine monthschool year ending
On Spetember 1, 20X1, Fasby Hospital received $10,620 of fees and tuition for one of it's educational programs that has a nine monthschool year ending May 31, 20X2.
What amount should be reported as deferred tuition income in the hospital's December 31, 20X1, balance sheet?
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