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this answer is incorrect 500 points Big Blue University has a fiscal year that ends on June 30. The 2016 summer session of the university

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500 points Big Blue University has a fiscal year that ends on June 30. The 2016 summer session of the university runs from June 8 through July 28. Total tuition paid by students for the summer session amounted to $120,000. Required: a. How much revenue should be reflected in the fiscal year ended June 30, 2016? Amount of revenues 52,800 b. Would your answer to part a be any different if the university had a tuition refund policy that no tuition would be refunded after the end of the third week of summer session classes? Yes No

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