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How much revenue should be reflected in the fiscal year

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Question - Big Blue University has a fiscal year that ends on June 30. The 2019 summer session of the university runs from June 8 through July 26. Total tuition paid by students for the summer session amounted to $129,000.

Required -

a. How much revenue should be reflected in the fiscal year ended June 30, 2019?

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?

Reference no: EM132525245

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