Question: Suppose our company has the following transactions with our customers, and only these, in Fiscal Year 2021: We provide tutoring to Dane for $200 in

Suppose our company has the following transactions with our customers, and only these, in Fiscal Year 2021: We provide tutoring to Dane for $200 in cash. Alison pays us $300 in cash up front, for tutoring that we promise to give her next year, in Fiscal Year 2022. We provide tutoring to Avery this year, who promises/agrees to pay us $100 next year, in Fiscal Year 2022. What are our (accrual) Revenue for FY 2021?

A. $200

B. $500

C. $300

D. $600

E. None of the other answers

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