Country Club Center sells season memberships for $200 each. During January of 2015, 60 season memberships were sold. As of March 31, 2015, only $3,000 of season membership fees had been collected from customers. The season runs for 4 months starting May 15, 2015 . Which one of the following is an amount reported on the financial statements for the period ending March 31, 2015?
a. Unearned membership revenue of $3,000
b. Unearned membership revenue of $9,000
c. Accounts receivable of $3,000
d. Membership revenue of $9,000
a
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Answer the following statements true (T) or false (F)
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All factors in a future value table must be greater than or equal to 1.000
Indicate whether the statement is true or false
When a treaty and a right declared under a subsequent federal statute conflict, the treaty must prevail
a. True b. False Indicate whether the statement is true or false
A mandatory arbitration agreement which provides that all claims be brought within 90 days of the date of the alleged violation would likely be:
a. enforceable b. unenforceable c. subject to amendment by the court