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Question 16 1 points SAVE ANSW To purchase a membership at Anytime Fitness, a joining fee of $55 and annual fees of $300 are payable.
Question 16 1 points SAVE ANSW To purchase a membership at Anytime Fitness, a joining fee of $55 and annual fees of $300 are payable. The joining fee is a one-off payment and the annual fees allow members to access the services offered during the entire year. Both fees are non-refundable. On 8 June 2020, Anytime Fitness received $165 and $900 for the joining fees and annual fees respectively. On 8 June 2020, Anytime Fitness would: a. recognise $1,065 as revenue b. not recognise any revenue since the performance obligation is unclear O c. recognise $900 as revenue over a year from 8 June 2020 O d. recognise $900 as revenue
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