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Where on balance sheet account balance representing funds

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Question - The Defiance College sells season tickets for four home football games at a price of $15. For the 2011 season, 5,000 season tickets were sold. Each part is worth 5 points.

Where on the balance sheet would the account balance representing funds received for games not yet played be classified? Assume that The Defiance College follows the same accounting and financial reporting procedures that are used in business.

Reference no: EM131792824

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