What is the total cash collected for the 2026 season slips on December 31, 2025?

To determine the total cash collected for the 2026 season slips on December 31, 2025, it is essential to analyze the cash flow and revenue recognition principles as they relate to accounting periods.

In general, when accounting for cash collected in advance for services or goods to be delivered in a future period, those amounts are considered liabilities until the services are provided. In this case, if the total cash collected for the slips indicates a revenue figure expected to be recognized in 2026, any advance payments collected by December 31, 2025, would reflect cash inflow for the future services.

Considering the total cash collected of 240,000 suggests that this amount represents the cash inflows attributable to the slips that will be issued for the 2026 season. Revenue is typically recognized in the period it is earned, which aligns with the timing of when the slips are used.

Thus, if the collected cash of 240,000 pertains to the slips redeemable in the 2026 season, the amount accurately reflects the cash collected on December 31, 2025, for future services, confirming the correct understanding of revenue recognition and cash flow timing for this scenario.