A gym offers one-year memberships for $99 and requires customers to pay the full amount...
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Accounting
A gym offers oneyear memberships for $ and requires customers to pay the full amount of cash at the beginning of the membership period. For the gym, this is an example of an:
Group of answer choices
Accrued expense.
Accrued revenue.
Prepaid expense.
Deferred revenue.
Answer & Explanation
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