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Pemco Enterprises sells annual membership to its shooting lodge

Question : Pemco Enterprises sells annual membership to its shooting lodge : 3595

Pemco Enterprises sells annual membership to its shooting lodge. The memberships cost $240 each. On January 1, Pemco sold 2,000 memberships and received cash. Refer to Pemco Enterprises. How much revenue should Pemco recognize on January 1? A. $40,000 B. $240,000 C. $480,000 D. $0

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