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Posted on Jul 15, 2024

you sigh up for a health club and pay a $100 initiation fee for a 2 year membership. (a) what happens to the company's balance

you sigh up for a health club and pay a $100 initiation fee for a 2 year membership.

(a) what happens to the company's balance sheet immediately after?

(b) when should they recognize the $100 revenue?

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