Dicki Company reported sales of $53,500 for services provided during the current fiscal year. Of this amount, $24,500 has been collected from customers. Additionally, the company received cash of $14,000 for services to be provided next fiscal year. How much revenue can the company recognize in the current year? A) $24,500 B) $78,000 C) None of the answers are correct. D) $53,500 E) $39,500

Answer rating: 100% (QA)

To determine the revenue that can be recognized in the current year we need to fol... View the full answer