On May 1, 2018, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract

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On May 1, 2018, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2018, to April 30, 2019, with Shaffer paying the entire $6,000 on May 1, 2018. How much revenue should Varga recognize in 2018?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

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

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