On May 1 , 2 0 2 4 , Varga Tech Services signed a $ 1 0

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Question:

On May

1, 2024,

Varga Tech Services signed a $

108, 000

consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May

1, 2024,

to April

30, 2025,

with Shaffer paying the entire $

108, 000

on May

1, 2024 .

How much revenue should Varga recognize in

2024 ?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-1259548185

8th edition

Authors: David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

See More Books

Posted Date: Apr 24, 2024 04:33 PM

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On May 1 , 2 0 2 4 , Varga Tech Services signed a $ 1 0

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