Question: On January 1, 2024, customers owed Concord Company $79800 for services provided in 2023. During 2024, Concord Co. received $185000 cash from customers. On December

On January 1, 2024, customers owed Concord Company $79800 for services provided in 2023. During 2024, Concord Co. received $185000 cash from customers. On December 31, 2024, customers owed Concord $28000 for services provided in 2024. How much revenue should Concord recognize in 2024 under the accrual basis of accounting? What Alternative?

a- $185000

b- $133200

c- $105200

d- $175025

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