determine the tuition fee revenue for the period december 31.

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter7: Tax Credits
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the happy toddlers is a preparatory school for children three to five years old. pupils are enrolled for a school-year. parents can pay the full tuition fee of p70000 at the start of the school year (june).there is also an option to pay two installments of p37000 each at the start of every semester (june 1 and november 1). of the 150 students enrolled, 80 are paid in full at the start of the year. the remaining students are on installment payments. one school year runs from june 1-march 31. determine the tuition fee revenue for the period december 31. this is the first year of happy toddlers operations.

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