The difference between small business owners and entrepreneurs is that small business owners:A. are innovatorsB. started the business to pursue their idea for a new product or serviceC. are risk takersD. accept the status quo and take a short-term view of the futureE. are accurately described by all of the above

On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?